NEW YORK ( TheStreet) -- The ex-dividend date for Lufkin Industries (Nasdaq: LUFK) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $61.08 as of 9:30 a.m. ET, the dividend yield is 0.8%. The average volume for Lufkin has been 421,900 shares per day over the past 30 days. Lufkin has a market cap of $2.03 billion and is part of the basic materials sector and energy industry. Shares are down 10.1% year to date as of the close of trading on Friday. Lufkin Industries, Inc. manufactures and supplies oilfield and power transmission products for use in energy infrastructure and industrial applications. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 29.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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