Monro, Inc. Declares Quarterly Cash Dividend
August 21 2017 - 7:31AM
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 $.18 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 7, 2017 to shareholders of record
at the close of business on August 28, 2017.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a
chain of 1,140 Company-operated stores, 106 franchised locations,
five wholesale locations and two retread facilities providing
automotive undercar repair and tire sales and services. The Company
operates in 27 states, serving the Mid-Atlantic and New England
states and portions of the Great Lakes, Midwest and Southeast. 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 new construction stores.
The Company went public in 1991 and trades on NASDAQ under the
symbol MNRO.
CONTACT:
John Van Heel
Chief Executive Officer
(585) 647-6400
Brett Ponton
President
(585) 647-6400
Brian D’Ambrosia
Senior Vice President – Finance
Chief Financial Officer
(585) 647-6400
Investors and Media: Effie Veres
FTI Consulting
(212) 850-5600
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