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ROCHESTER, N.Y., Aug. 21, 2017 -- Monro, Inc. (Nasdaq:MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.18 per share on the Company’s outstanding shares of common stock, including 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 September 7, 2017 to shareholders of record at the close of business on August 28, 2017.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a chain of 1,140 Company-operated stores, 106 franchised locations, five wholesale locations and two retread facilities providing automotive undercar repair and tire sales and services. The Company operates in 27 states, serving the Mid-Atlantic and New England states and portions of the Great Lakes, Midwest and Southeast. The predecessor to the Company was founded by Charles J. August in 1957 as a Midas Muffler franchise. In 1966, Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of new construction stores. The Company went public in 1991 and trades on NASDAQ under the symbol MNRO.
CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Brett Ponton President (585) 647-6400 Brian D’Ambrosia Senior Vice President – Finance Chief Financial Officer (585) 647-6400 Investors and Media: Effie Veres FTI Consulting (212) 850-5600
