ROYAL OAK, Mich., Feb. 18, 2015 /PRNewswire/ — Bonal International, Inc. (OTC: BONL) has announced a dividend of $0.05 per share. This is the seventeenth dividend which represents the tenth consecutive fiscal year Bonal has declared a dividend and is the fourth dividend paid this fiscal year. The dividend is payable on March 10, 2015 to shareholders of record as of the close of business on March 4, 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, Mich., Bonal services the aerospace, armament, automotive, petroleum, die-casting, mining, racing, machine tool building, plastic molding, shipbuilding, 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 energy and monetary costs of competing technologies. More information can be found at www.Bonal.com or by calling 1-800-Meta-Lax.
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SOURCE Bonal International, Inc.