Monro Muffler Brake, Inc. Declares Quarterly Cash Dividend
December 02 2016 - 7:30AM
Monro Muffler Brake, 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
$.17 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 23, 2016 to shareholders of record
at the close of business on December 13, 2016.
About Monro Muffler Brake
Monro Muffler Brake operates a chain of stores
providing automotive undercar repair and tire services in the
United States, operating under the brand names of Monro Muffler
Brake and Service, Mr. Tire, Tread Quarters Discount Tires,
Autotire, Tire Warehouse, Tire Barn, Ken Towery’s Tire and Auto
Care, The Tire Choice and Car-X. The Company currently operates
1,100 Company stores in 26 states and is the franchisor of 131
Car-X stores in ten states. Monro's stores provide a full range of
services for brake systems, steering and suspension systems, tires,
exhaust systems and many vehicle maintenance services and certain
locations specialize in providing commercial tire and maintenance
services. Through Tires Now, the Company also engages in wholesale
tire distribution.
CONTACT:
John Van Heel
Chief Executive Officer
(585) 647-6400
Robert Gross
Executive Chairman
(585) 647-6400
Catherine D’Amico
Executive Vice President – Finance
Chief Financial Officer
(585) 647-6400
Investors and Media: Effie Veres
FTI Consulting
(212) 850-5600
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