ROYAL OAK, Mich., Nov. 27, 2013 /PRNewswire/ -- Today, Bonal International, Inc. (OTC: BONL) announced a dividend of $0.05 per share. This is the thirteenth dividend paid by Bonal International in the last nine consecutive fiscal years. The dividend is payable on December 13, 2013 to shareholders of record as of the close of business on December 6, 2013.
The directors also set the Annual Meeting date to be held on January 29, 2014 at 10:00 AM.
In the future, the Bonal International Board of Directors will continue to evaluate the company's dividend policy on a quarterly basis.
Bonal International Inc., through its wholly owned subsidiary, Bonal Technologies, Inc. is the world's leading provider of sub-harmonic vibratory stress relief and weld conditioning technology. Bonal provides three lines of equipment Meta-Lax® Stress Relief and Weld Conditioning, Pulse Puddle Arc Welding®, and Black Magic® Distortion Control, which are sold in the United States and more than 54 countries worldwide. Headquartered in Royal Oak, Mich., Bonal serves the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, mold making, ship building, and welding industries. Bonal's Meta-Lax® technology is used for eliminating thermal stress in metal parts, thereby preventing warping and cracking, at a fraction of the time, energy, and monetary costs of competing technologies. More information can be found at www.bonal.com or by calling
SOURCE Bonal International, Inc.