ROCHESTER, N.Y. (Aug. 10, 2016) — The board of directors of Monro Muffler Brake Inc. has declared a quarterly cash dividend of 17 cents per share on the company's outstanding shares of common stock.
The automotive undercar repair and tire services chain said the dividend includes its shares of common stock to which the holders of the company's Class C Convertible Preferred Stock are entitled. The dividend is payable on Sept. 1 to shareholders of record at the close of business on Aug. 22.
Rochester-based Monro operates 1,070 company stores in 26 states 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, The Tire Choice and Car-X. It also is the franchisor of 132 Car-X stores in 10 states.
Monro outlets provide a full range of services for brake systems, steering and suspension systems, tires, exhaust systems and other vehicle maintenance services.