Bonal International, Inc. Declares Six Cent Dividend Eighth Dividend Paid in Last Seven Fiscal Years
ROYAL OAK, Mich., March 22, 2011 /PRNewswire/ -- Today Bonal International, Inc. (OTC: BONL) announced a dividend of $0.06 a share. The dividend comes from previously retained earnings. This is the eighth dividend paid by Bonal International in the last seven fiscal years. The dividend is payable on April 15, 2011 to shareholders of record as of the close of business on April 1, 2011.
"The Board of Directors feels that Bonal is in a good position, building from strong sales with both domestic and foreign clients," said Thomas E. Hebel, interim President of Bonal Technologies, Inc. "We believe that Bonal's continued expansion in foreign markets is a good sign for the future of the company."
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 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 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.