Monro, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Monro, Inc. (NASDAQ: MNRO) has declared a quarterly cash dividend of $.26 per share, which will be payable on December 21, 2021. Shareholders of record by the close of business on December 7, 2021 will receive this distribution. In fiscal 2021, the company generated $1.1 billion in sales and continues to grow its presence through acquisitions and new store openings across nearly 1,300 locations nationwide.

Positive

• Declared quarterly cash dividend of $.26 per share, reinforcing commitment to returning value to shareholders.
• Generated $1.1 billion in sales for fiscal 2021, indicating strong financial performance.
• Continues to expand national presence through strategic acquisitions.

Negative

• None.

ROCHESTER, N.Y., Nov. 23, 2021 (GLOBE NEWSWIRE) -- 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 $.26 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 December 21, 2021 to shareholders at the close of business on December 7, 2021.

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 $1.1 billion in sales in fiscal 2021 and continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. Across nearly 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.

FAQ

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

Monro, Inc. declared a quarterly cash dividend of $.26 per share.

When will Monro, Inc. pay the dividend?

The dividend will be payable on December 21, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is December 7, 2021.

How does Monro, Inc.'s financial performance look?

Monro, Inc. reported $1.1 billion in sales for fiscal 2021, demonstrating strong financial stability.