Quarterly Dividend |
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May 5, 3:19 pm Eastern Time Company Press Release Lufkin Directors Announce Quarterly Dividend of $0.09 Per ShareLUFKIN, Texas, May 5 2005-- Lufkin Industries, Inc. (Nasdaq: LUFK) today announced that the Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock. This per- share dividend amount reflects Lufkin's two-for-one stock split that became effective as of April 19, 2005. The dividend will be paid on June 10, 2005, to shareholders of record on June 1, 2005. Lufkin Industries, Inc. sells and services oil field pumping units, power transmission products, foundry castings and highway trailers 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: Lufkin Industries Inc.,
Lufkin |