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August 05, 2015 02:00 AM

Monro Muffler declares quarterly stock dividend

Tire Business Staff
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    ROCHESTER, N.Y. (Aug. 5, 2015) — Automotive undercar repair and tire services provider Monro Muffler Brake Inc.'s board of directors has declared a quarterly cash dividend of $.15 per share on the company's outstanding shares of common stock.

    The dividend includes the shares of common stock to which the holders of the company's Class C Convertible Preferred Stock are entitled, according to Rochester-based Monro. The dividend is payable on Aug. 27 to shareholders of record at the close of business on Aug. 17.

    Monro operates a chain of stores under the brand names of Monro Muffler Brake and Service, Mr. Tire, Tread Quarters Discount Tires, Autotire, Tire Warehouse, Tire Barn, Towery's Tire and Auto Care, The Tire Choice and Car-X. In addition to its 1,001 company stores in 25 states, Monro is the franchisor of 145 Car-X stores in 10 states.

    Monro outlets provide a range of services for brakes, steering and suspension, tires and exhaust systems.

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