Monro, Inc. Declares Quarterly Cash Dividend

Monro, Inc. (Nasdaq: MNRO) has declared a quarterly cash dividend of $.22 per share on its outstanding common stock.

(Neutral)

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Rhea-AI Summary

Monro, Inc. (Nasdaq: MNRO) has declared a quarterly cash dividend of $.22 per share on its outstanding common stock. This dividend is payable on March 24, 2021, to shareholders recorded as of March 10, 2021. Headquartered in Rochester, New York, Monro operates a chain of 1,260 company stores across 32 states, focusing on automotive undercar repair and tire services. The company has seen growth through acquisitions and new store openings since its IPO in 1991.

Positive

Quarterly cash dividend of $.22 per share declared.
Dividend payment reflects company confidence.
Monro operates 1,260 stores, indicating strong market presence.

Negative

None.

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News Market Reaction – MNRO

The recorded move for MNRO in the trading session of this news was +1.06%.

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02/12/2021 - 07:30 AM EST

ROCHESTER, N.Y., Feb. 12, 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 $.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 March 24, 2021 to shareholders of record at the close of business on March 10, 2021.

About Monro, Inc.

Headquartered in Rochester, New York, Monro is a chain of 1,260 company-operated stores, 96 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.

CONTACT:	Kim Rudd
	Executive Assistant
	(585) 784-3324

	Investors and Media: Melanie Dambre / Jamie Baird
	FTI Consulting
	(212) 850-5600

FAQ

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

Monro, Inc. declared a quarterly cash dividend of $.22 per share.

What is the payment date for the dividend?

The dividend is payable on March 24, 2021.

When is the record date for the dividend?

The record date for the dividend is March 10, 2021.

How many stores does Monro, Inc. operate?

Monro operates 1,260 company-operated stores across 32 states.

Monro, Inc. Declares Quarterly Cash Dividend