Lufkin Industries Announces Third Quarter Dividend Of $0.25 Per Share

Thursday, August 07, 2008 7:01 AM

LUFKIN, Texas, Aug. 7 /PRNewswire-FirstCall/ -- Lufkin Industries, Inc. (Nasdaq: LUFK) today announced that the Board of Directors has declared a third quarter cash dividend of $0.25 per share on its common stock. The dividend will be paid on September 10, 2008, to shareholders of record on September 2, 2008.

Lufkin Industries, Inc. sells and services oil field pumping units, foundry castings and power transmission products throughout the world. The Company has vertically integrated all vital technologies required to design, manufacture and market its products.

This release may contain certain forward-looking statements, including by way of illustration and not of limitation, statements relating to liquidity, revenues, expenses and margins. The Company strongly encourages readers to note that some or all of the assumptions, upon which such forward-looking statements are based, are beyond the Company's ability to control or estimate precisely and may in some cases be subject to rapid and material changes.

     Contact:  Christopher L. Boone
               Vice President, Treasurer,
               Chief Financial Officer
               (936) 631-2749
               Jack Lascar / Anne Pearson
               DRG&E / (713) 529-6600

SOURCE Lufkin Industries, Inc.

(Source: PR Newswire )

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