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.