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.
Titan International and the United Steelworkers union have petitioned the U.S. International Trade Commission and U.S. Department of Commerce seeking relief from OTR tire imports from China, India and Sri Lanka. What’s your opinion?
|I wholeheartedly support their action – something needs to be done.||
|I think it’s a bad idea that could inevitably tie the hands of domestic tire makers.||
|I oppose any duties against tire importers—they only raise costs for distributors and make it harder to obtain inventory.||
|I’m kind of on the fence and not sure what’s right, but need more information before deciding.||
|I don’t really care whether or not relief is granted.||
|Total votes: 78|