Royal Oak-based Bonal International Inc. (OTC:BONL) Thursday announced a dividend of 7 cents a share.
This is the sixth dividend paid by Bonal International in the last six fiscal years.
The dividend is payable Sept. 9 to shareholders of record as of the close of business on Aug. 20.
“The Board of Directors feels that the company is in a strong position,” said Thomas E. Hebel, newly appointed interim president of Bonal Technologies. “We remain very optimistic about the future.”
Bonal International, through its subsidiary Bonal Technologies Inc., provides sub-harmonic vibratory stress relief and weld conditioning technology. The technologies allow many of the benefits of heat treating metal at a fraction of the time, energy consumption and cost.
More at www.Bonal.com.
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