Lufkin Industries (LUFK) Q2 2012 Earnings Call July 30, 2012 10:00 am ET Executives Jack Lascar - Partner John F. Glick - Chief Executive Officer, President and Director Christopher L. Boone - Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer Analysts Collin Gerry - Raymond James & Associates, Inc., Research Division Robin E. Shoemaker - Citigroup Inc, Research Division Jeff Tillery - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division Neal Dingmann - SunTrust Robinson Humphrey, Inc., Research Division Brian Uhlmer - Global Hunter Securities, LLC, Research Division Blake Allen Hutchinson - Howard Weil Incorporated, Research Division PresentationOperator
Good morning, ladies and gentlemen, and thank you for standing by, and welcome to the Lufkin Industries' Second Quarter 2012 Earnings Conference Call. [Operator Instructions] And as a reminder, this call is being recorded today, July 30, 2012. I would now like to turn the call over to Jack Lascar with DRG&L. Please go ahead. Jack Lascar Thank you, Craig, and good morning, everyone. With me today are Jay Glick, Lufkin's President and Chief Executive Officer; and Chris Boone, Vice President and Chief Financial Officer. Before I turn the call over to Jay, I have a couple of quick housekeeping items. If you would like to be on our e-mail distribution list for future news releases, please call us at (713) 529-6600. If you would like to listen to a replay of today's call, it will be available via recorded phone replay until August 16, and also by webcast replay by going to the IR section of Lufkin's website. This information was also provided in this morning's news release. The information reported on this call speaks only as of today, July 30, 2012. So please be aware that time-sensitive information may no longer be accurate at the time of any replay.
The ex-dividend date for Lufkin Industries (Nasdaq:LUFK) is tomorrow, May 30, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $88.27 as of 9:30 a.m., the dividend yield is 0.6%.
Lufkin Industries (Nasdaq:LUFK) hit a new 52-week high Wednesday as it is currently trading at $88.63, above its previous 52-week high of $88.58 with 96,528 shares traded as of 10 a.m. ET. Average volume has been 988,400 shares over the past 30 days.