Bonal International, Inc. Declares Eight Cent Dividend Ninth Dividend Paid in Seven Fiscal Years is Highest
ROYAL OAK, Mich., Oct. 5, 2011 /PRNewswire/ -- Today Bonal International, Inc. (OTC: BONL) announced a dividend of $0.08 a share. The dividend comes from previously retained earnings. This is the ninth dividend paid by Bonal International in the last seven consecutive fiscal years. The dividend is payable on November 11, 2011 to shareholders of record as of the close of business on October 14, 2011.
"The Board of Directors feels that Bonal continues to be in a strong position, building on the success of last fiscal year. We have seen a big boost from our new foreign sales representatives," said Thomas E. Hebel, interim President of Bonal Technologies, Inc. "Despite the current economic climate, Bonal continues to do well fiscally."
The $0.08 a share dividend is the largest single dividend Bonal International, Inc. has paid. Combined with the dividend paid April 15, 2011, this will be the largest total dividend paid by Bonal in one fiscal year.
In the future, the Bonal International Board of Directors will continue to evaluate the company's dividend policy on a yearly 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 1-800-Meta-Lax.
Contact: Thomas E. Hebel
Toll Free: 800.638.2529 ext.236
International: 248.582.0900 ext.236
SOURCE Bonal International, Inc.