ROYAL OAK, Mich., July 23, 2015 /PRNewswire/ -- Bonal International, Inc. (OTC : BONL) has announced a dividend of $0.10 per share. This dividend marks the eighteenth time Bonal has issued dividends over the last eleven consecutive fiscal years. The amount of this dividend also matches the highest amount paid by the Company at one time. The dividend is payable on August 7, 2015 to shareholders of record as of the close of business on August 3, 2015.
Dividends are paid out of retained earnings. 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, Michigan, 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 to eliminate 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.