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February 23, 2016 01:00 AM

Monro declares quarterly cash dividend

Tire Business Staff
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    ROCHESTER, N.Y. (Feb. 23, 2016) — Automotive and tire services chain Monro Muffler Brake Inc. has declared a quarterly cash dividend on the company's outstanding shares of common stock.

    Monro said it will pay 15 cents per share including on 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 to shareholders of record at the close of business on March 15.

    Additionally, Rochester-based Monro announced that Executive Chairman Robert Gross will make a presentation at the UBS Global Consumer Conference in Boston at 11:15 a.m. ET on Wednesday, March 9. 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.

    Monro operates a chain of 1,031 company stores in 25 states providing automotive undercar repair and tire services and operating under the brand names of Monro Muffler Brake and Service, Mr. Tire, Tread Quarters Discount Tires, Autotire, Tire Warehouse, Tire Barn, Ken Towery's Tire and Auto Care, Tire Choice and Car-X. The company also operates and is the franchisor of 134 Car-X stores in 10 states.

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