Monro, Inc. Declares Quarterly Cash Dividend
February 15 2019 - 7:30AM
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 $.20 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 25, 2019 to shareholders of record at
the close of business on March 15, 2019.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a
chain of 1,197 Company-operated stores, 98 franchised locations,
eight wholesale locations and three retread facilities providing
automotive undercar repair and tire sales and services. The Company
operates in 28 states, serving the Mid-Atlantic and New England
regions 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 newly constructed stores.
The Company went public in 1991 and trades on The Nasdaq Stock
Market under the symbol MNRO.
CONTACT:
Kim RuddExecutive Assistant(585) 784-3324
Investors and Media: Melanie DambreFTI Consulting(212)
850-5600
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