ROYAL OAK, Mich., May 7, 2012 /PRNewswire/ -- Today, Bonal
International, Inc. (OTC: BONL) announced a dividend of
$0.10 a share. This is the
tenth dividend paid by Bonal International in the last eight
consecutive fiscal years. The dividend is payable on
June 1, 2012 to shareholders of
record as of the close of business on May
15, 2012.
"The Board of Directors feel that Bonal has weathered another
economic storm pretty well and are confident in a bright future for
the company," said Thomas E. Hebel
interim president. The amount of this dividend matches the
highest dividend previously paid.
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 54 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.
Contact:
Thomas E. Hebel
|
Toll
Free:
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800.638.2529 ext.236
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International:
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248.582.0900 ext.236
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Email:
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thebel@bonal.com
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SOURCE Bonal International, Inc.