ROYAL OAK, Mich., Feb. 28, 2018 (GLOBE NEWSWIRE) -- Bonal International, Inc. (OTC:BONL) has announced a dividend of $0.05 per share. This dividend marks the twenty-second time Bonal has issued dividends over the last thirteen consecutive fiscal years. The dividend is payable on March 22, 2018 to the shareholders of record as of the close of business on March 14, 2018.
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, Michigan, Bonal serves the aerospace, armament, automotive, die-casting, machine told building, mining, mold making, power generation, racing, shipbuilding, and welding industries. Bonal’s Meta-Lax technology is used to eliminate unwanted thermal stress in metal parts, thereby preventing distortion and cracking. Meta-Lax technology is applied at a fraction of the energy and monetary costs of competing technologies. Visit www.Bonal.com for more information or call 1-800-Meta-Lax.
Contact: Thomas E. Hebel
Toll Free: 800.638.2529 ext.236
International: 248.582.0900 ext.236
Source:Bonal Technologies, Inc.