Bonal International, Inc. Declares Ten Cent Dividend Due to Record Profit
June 27 2008 - 11:36AM
PR Newswire (US)
Fourth Consecutive Dividend Paid ROYAL OAK, Mich., June 27
/PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC:BONL)
today announced a dividend of $0.10 per share on a $0.31 per share
net profit. This compares to a $0.07 dividend per share on a $0.21
per share net profit for the prior fiscal year. The dividend is
payable on August 8, 2008 for shareholders of record as of the
close of business on July 18, 2008. This is the fourth dividend to
be paid since Bonal began public trading in 1990. "In terms of
dollars profit, Bonal topped its record from 2007, making 2008 our
best year. Bonal International's Board of Directors decided to pay
a dividend 43% higher than last year. We are happy Bonal
International continues to have strong momentum and is in a
position to pay a dividend to our shareholders," said A. George
Hebel, III, chairman of Bonal International. In the future, the
Board of Directors will continue to evaluate the company's dividend
policy on an annual basis. Bonal International Inc. through its
wholly owned subsidiary, Bonal Technologies, Inc., is the world's
leading provider of sub-harmonic technology for metal improvement
solutions with more than 35 years of expertise. Bonal's patented
technology and its three product lines: Meta-Lax(R) Stress Relief,
Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) for
distortion control, are sold in the US and in more than 49
countries. Headquartered in Royal Oak, Mich., Bonal provides a
variety of services including consulting, training, program design
and metal stress relief services for customers in the aerospace,
armament, die casting, engine building, machine tool, mining,
petroleum, plastic molding, racing, automotive, shipbuilding and
welding industries. More information on Bonal can be found at
http://www.bonal.com/ . DATASOURCE: Bonal International, Inc.
CONTACT: Media, Janine M. Krasicky of J9 Media Solutions LLC,
+1-248-542-3991, or +1-248-514-4558 (mobile), for Bonal
International, Inc. Web site: http://www.bonal.com/
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