Lufkin Industries Announces First Quarter 2012 Dividend of $0.125 Per Share

LUFKIN, Texas, Feb. 9, 2012 /PRNewswire/ — Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that the Board of Directors has declared a first quarter cash dividend of $0.125 per share on its common stock. The dividend will be paid on March 9, 2012, to shareholders of record on March 1, 2012.

Lufkin Industries, Inc. is a global provider of artificial lift products, services and automation solutions for the oil and gas industry, including beam pumping, gas lift and plunger lift systems. Its Power Transmission segment also serves the energy and industrial sectors with engineered gearing solutions. Lufkin has vertically integrated all vital technologies required to design, manufacture and market its products.

    Contact:                 Christopher L. Boone
                             Chief Financial Officer
                             936-631-2749

                             DRG&L:
                             Jack Lascar / 713-529-6600
                             Anne Pearson / 210-408-6321

SOURCE Lufkin Industries, Inc.