ROYAL OAK, Mich., Nov. 27, 2013 /PRNewswire/ -- Today, Bonal
International, Inc. (OTC: BONL) announced a dividend of
$0.05 per share. This is the
thirteenth dividend paid by Bonal International in the last nine
consecutive fiscal years. The dividend is payable on
December 13, 2013 to shareholders of
record as of the close of business on December 6, 2013.
The directors also set the Annual Meeting date to be held on
January 29, 2014 at 10:00 AM.
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 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
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-Metal-29.
SOURCE Bonal International, Inc.