Bonal International, Inc. Declares Third Ten Cent Dividend, Sets
Record
ROYAL OAK, Mich., Dec. 12, 2012 /PRNewswire/ -- Today, Bonal
International, Inc. (OTC: BONL) for the third time this fiscal
year announced a dividend of $0.10 a
share setting a fiscal year dividend record of $0.30 a share for the company. This is the
twelfth dividend paid by Bonal International in the last eight
consecutive fiscal years. The dividend is payable on
December 21, 2012 to shareholders of
record as of the close of business on December 17, 2012.
"Due to the uncertainty of the tax situation in the coming year
and following a record net income in the second quarter, the Board
of Directors elected to move a dividend that would have been issued
in calendar year 2013 ahead to be paid before the end of this
calendar year," said chairman A. George
Hebel, III.
In the future, 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 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 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.
SOURCE Bonal International, Inc.