Bonal International, Inc. Declares A Five Cent Dividend Fourteenth Dividend Paid in the Last 10 Consecutive Years
ROYAL OAK, Mich., April 2, 2014 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) has announced a dividend of $0.05 per share. This is the fourteenth dividend paid by Bonal International in the last ten consecutive fiscal years. The dividend is payable on or about April 17, 2014 to shareholders of record as of the close of business on April 10, 2014.
Dividends are paid out of retained earnings. 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 patent holder and 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 60 countries worldwide. Headquartered in Royal Oak, Mich., Bonal serves the aerospace, automotive, defense, die casting, machine tool building, mining, mold making, power generation, racing, shipbuilding, 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 1-800-Meta-Lax.
SOURCE Bonal International, Inc.