Bonal International, Inc. Declares Six Cent Dividend Seventh Dividend Paid in Last Six Fiscal Years
ROYAL OAK, Mich., Dec. 6, 2010 /PRNewswire-FirstCall/ -- Today Bonal International, Inc. (OTC: BONL) announced a dividend of $0.06 a share. This is the seventh dividend paid by Bonal International in the last six fiscal years and the first time Bonal is paying a second dividend in the same fiscal year. The dividend is payable on December 20, 2010 to shareholders of record as of the close of business on December 10, 2010.
"The Board of Directors feels that the company is coming out of the recession quite nicely," said Thomas E. Hebel, newly appointed interim President of Bonal Technologies, Inc. "We remain very optimistic about the future."
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 50 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 patented 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.