ROCHESTER, N.Y. (March 6, 2014) — Monro Muffler Brake Inc.’s board of directors has declared a quarterly cash dividend of 11 cents per share on the company’s outstanding shares of common stock.
The arrangement includes the shares of common stock to which the holders of Monro’s Class C Convertible Preferred Stock are entitled, the company said. The dividend is payable on March 28 to shareholders of record at the close of business on March 18.
The company also announced that President and CEO John Van Heel and Robert Gross, chairman, will make a presentation at the TAG 6th Annual Spring Consumer Conference in New York City. Their appearance is scheduled for 1:10 p.m. ET on March 26.
A live webcast of the presentation will be available via the Investor Relations section of the company’s website and will be archived for two weeks.
Rochester-based Monro operates a chain of retail stores providing automotive undercar repair and tire services under the brand names of Monro Muffler Brake and Service, Mr. Tire, Tread Quarters Discount Tires, Autotire, Tire Warehouse, Tire Barn and Towery’s Tire and Auto Care. The company has 954 stores in 22 states.
How stiff is the competition from car dealers selling tires in your area of operation?
|Not stiff at all, it's negligible||
21% (20 votes)
|Pretty intense but I'm holding my own and haven’t lost many sales||
26% (24 votes)
|It's moderately competitive but I’ll always beat their deals||
22% (21 votes)
|I've adjusted how I approach tire sales and it seems to be working to my benefit||
15% (14 votes)
|I'm ready to give up and look for another line of work||
16% (15 votes)
|Total votes: 94|