News

Bonal International, Inc. Declares Dividend - Twenty-Third Dividend in Last 15 Years

Royal Oak, Michigan, November 21, 2019 – Bonal International, Inc. (OTC: BONL) has announced a dividend of $0.05 per share.  This dividend marks the twenty-third time Bonal has issued dividends over the last fifteen fiscal years.  The dividend is payable on December 20, 2019 to the shareholders of record as of the close of business on December 6, 2019.

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 only provider of sub-harmonic (Meta-Lax®) vibratory stress relief and weld conditioning technology. Bonal offers 15 different models of Meta-Lax equipment which are sold in the United States and more than 64 countries worldwide. Headquartered in Royal Oak, Michigan, Bonal serves the aerospace, automotive, defense, die casting, machine tool building, mining, mold making, power, racing, ship building, and welding industries. Bonal’s Meta-Lax technology is used to eliminate thermal stress in metal parts, thereby preventing distortion and cracking. The Meta-Lax technology is applied at a fraction of the time, expense, and energy consumption of competing technologies. More information can be found at www.Bonal.com or by calling 1-800-META-LAX.

Bonal International Reports Third Quarter Results for Fiscal Year 2020

Bonal International, Inc., (OTC: BONL) announced revenue results of $419,834 for the third quarter which ended December 31, 2019. This was a 23.0 percent increase from last year’s third quarter. Net income for the third quarter was a $5,965, up from last year’s third quarter’s net income of a loss of $4,879.

Bonal International Reports Profitable Second Quarter for Fiscal Year 2020

Royal Oak, Mich., November 18, 2019 – Bonal International, Inc., (OTC: BONL) announced revenue results of $388,081 for the second quarter which ended September 30, 2019. This was a 4.9 percent decrease over the first quarter and down 12.7 percent from last year’s second quarter. Net income for the second quarter was $20,545, up from last quarter’s $2,942, but down from last year’s second quarter’s net income of $23,807. Earnings per share for the second quarter were $0.01 per share which was the same as last year’s second quarter earnings.
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