Bonal International, Inc. Declares Ten Cent Dividend
Tenth Dividend Paid in Eight Fiscal Years Matches Highest
ROYAL OAK, Mich., May 7, 2012 /PRNewswire/ -- Today, Bonal International, Inc. (OTC: BONL) announced a dividend of $0.10 a share. This is the tenth dividend paid by Bonal International in the last eight consecutive fiscal years. The dividend is payable on June 1, 2012 to shareholders of record as of the close of business on May 15, 2012.
"The Board of Directors feel that Bonal has weathered another economic storm pretty well and are confident in a bright future for the company," said Thomas E. Hebel interim president. The amount of this dividend matches the highest dividend previously paid.
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 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.
Contact: Thomas E. Hebel
SOURCE Bonal International, Inc.
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