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.