Monro, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Monro, Inc. (NASDAQ: MNRO) has declared a quarterly cash dividend of $.28 per share on its outstanding common stock, including Class C Convertible Preferred Stock. This dividend is scheduled for payment on September 6, 2022, to shareholders on record by the close of business on August 23, 2022. The company reported $1.4 billion in sales during fiscal 2022 and maintains over 1,300 stores and 9,000 service bays across the country, emphasizing its commitment to sustainable growth and customer service.

Positive

• Quarterly cash dividend of $.28 per share declared.
• Generated approximately $1.4 billion in sales for fiscal 2022.
• Expanding presence with over 1,300 stores and 9,000 service bays.

Negative

• None.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.28 per share on the Company’s outstanding shares of common stock, including the shares of common stock to which the holders of the Company’s Class C Convertible Preferred Stock are entitled. The dividend is payable on September 6, 2022 to shareholders at the close of business on August 23, 2022.

About Monro, Inc.

Monro, Inc. (NASDAQ: MNRO) is one of the nation’s leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires and parts installation, to the most complex vehicle repairs. With a growing market share and a focus on sustainable growth, the Company generated approximately $1.4 billion in sales in fiscal 2022 and continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. Across more than 1,300 stores and 9,000 service bays nationwide, Monro brings customers the professionalism and high-quality service they expect from a national retailer, with the convenience and trust of a neighborhood garage. Monro’s highly trained teammates and certified technicians bring together hands-on experience and state-of-the-art technology to diagnose and address automotive needs every day to get customers back on the road safely. For more information, please visit www.monro.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220819005017/en/

Investors and Media: Felix Veksler

Senior Director, Investor Relations

ir@monro.com

Source: Monro, Inc.

FAQ

What is the dividend amount declared by Monro, Inc. for 2022?

Monro, Inc. has declared a quarterly cash dividend of $.28 per share.

When will Monro, Inc.'s dividend be paid out?

The dividend will be paid on September 6, 2022.

What is the record date for Monro, Inc.'s dividend?

The record date for the dividend is August 23, 2022.

What were Monro, Inc.'s sales figures for fiscal 2022?

Monro, Inc. generated approximately $1.4 billion in sales for fiscal 2022.