Monro, Inc. Declares Quarterly Cash Dividend
Monro, Inc. (Nasdaq: MNRO) announced a quarterly cash dividend of $.22 per share on August 18, 2020. This dividend will be paid on September 8, 2020 to shareholders recorded as of August 24, 2020. Monro operates 1,244 stores and other locations across 32 states, providing automotive undercar repair and tire services. Since its inception in 1957, the company has expanded significantly through acquisitions and new store openings. Monro trades on Nasdaq under the symbol MNRO.
- Declared a quarterly dividend of $.22 per share, indicating strong cash flow.
- Continued expansion with strategic acquisitions and new store openings.
- None.
ROCHESTER, N.Y., Aug. 18, 2020 (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 $.22 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 8, 2020 to shareholders of record at the close of business on August 24, 2020.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a chain of 1,244 Company-operated stores, 97 franchised locations, seven wholesale locations and three retread facilities providing automotive undercar repair and tire sales and services. The Company operates in 32 states, serving the MidAtlantic and New England regions and portions of the Great Lakes, Midwest, Southeast and Western United States. The predecessor to the Company was founded by Charles J. August in 1957 as a Midas Muffler franchise. In 1966, Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of newly constructed stores. The Company went public in 1991 and trades on The Nasdaq Stock Market under the symbol MNRO.
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