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

LUFKIN, Texas, May 3, 2012 /PRNewswire/ — Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that the Board of Directors has declared a second quarter cash dividend of $0.125 per share on its common stock. The dividend will be paid on June 8, 2012, to shareholders of record on June 1, 2012.

Lufkin Industries, Inc. sells and services oilfield pumping units, well automation systems, gas lift and plunger lift systems, progressing cavity pumps, well completion products, foundry castings and power transmission products throughout the world. 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.