Monro, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Monro, Inc. (Nasdaq: MNRO) has declared a quarterly cash dividend of $.26 per share, payable on March 23, 2022 to shareholders of record as of March 9, 2022. The company, a prominent provider of automotive services, reported $1.1 billion in sales in fiscal 2021 and is expanding its national presence through acquisitions and new store openings. With approximately 1,300 stores and 9,000 service bays, Monro aims to provide high-quality auto care while maintaining a sustainable growth focus.

Positive

• Quarterly cash dividend of $.26 per share announced.
• Company reported $1.1 billion in sales in fiscal 2021.
• Expansion through strategic acquisitions and new store openings.
• Strong national presence with approximately 1,300 stores and 9,000 service bays.

Negative

• None.

ROCHESTER, N.Y., Feb. 11, 2022 (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 March 23, 2022 to shareholders of record at the close of business on March 9, 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 $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 approximately 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.

CONTACT:	Investors and Media: Felix Veksler
	Senior Director, Investor Relations
	ir@monro.com

FAQ

What is the dividend amount declared by Monro, Inc. for Q1 2022?

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

When will the dividend for Monro, Inc. be paid?

The dividend will be paid on March 23, 2022.

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

The record date for the dividend is March 9, 2022.

How much revenue did Monro, Inc. generate in fiscal 2021?

Monro, Inc. generated $1.1 billion in sales in fiscal 2021.

How many stores does Monro, Inc. operate nationwide?

Monro, Inc. operates approximately 1,300 stores across the country.