Monro, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Monro, Inc. has declared a quarterly cash dividend of $.28 per share, payable on March 22, 2023 to shareholders on record by March 8, 2023. This leading provider of automotive services generated approximately $1.4 billion in sales during fiscal 2022. Monro continues to grow through strategic acquisitions and new store openings, operating about 1,300 locations with 9,000 service bays nationwide. The company emphasizes high-quality automotive care combining professional service and cutting-edge technology to enhance customer satisfaction.

Positive

• Quarterly cash dividend of $.28 per share enhances shareholder income.
• Generated approximately $1.4 billion in sales for fiscal 2022 indicates strong revenue performance.
• Continued expansion through strategic acquisitions and new store openings supports growth potential.

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 March 22, 2023 to shareholders at the close of business on March 8, 2023.

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 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 corporate.monro.com.

Source: Monro, Inc.
MNRO-Fin

View source version on businesswire.com: https://www.businesswire.com/news/home/20230209005758/en/

Investors and Media: Felix Veksler

Senior Director, Investor Relations

ir@monro.com

Source: Monro, Inc.

FAQ

When is the next dividend payment for MNRO?

The next dividend payment for MNRO is on March 22, 2023.

What is the amount of the MNRO dividend?

The dividend amount for MNRO is $.28 per share.

Who is eligible for the MNRO dividend?

Shareholders on record as of March 8, 2023, are eligible for the MNRO dividend.

How often does MNRO pay dividends?

MNRO pays dividends quarterly.