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FAIRPORT, N.Y. - Automotive repair and tire services provider Monro, Inc. (NASDAQ:MNRO), which has maintained dividend payments for 21 consecutive years, announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $.28 per share on the company’s outstanding common stock, representing an attractive 7.16% dividend yield.
The dividend will also apply to shares of common stock to which holders of the company’s Class C Convertible Preferred Stock are entitled, according to a press release statement.
Shareholders of record at the close of business on August 26, 2025, will receive the dividend payment on September 9, 2025.
Monro operates as a provider of automotive undercar repair and tire services across the United States. The company generated approximately $1.2 billion in sales during fiscal 2025.
In other recent news, Monro Inc. reported its first-quarter earnings for fiscal year 2026, showcasing a notable performance. The company achieved earnings per share (EPS) of $0.22, surpassing analysts’ forecasts of $0.15. This represents a positive earnings surprise of 46.67%. Additionally, Monro Inc.’s revenue exceeded expectations, reaching $301 million compared to the anticipated $295.05 million. Despite these favorable financial results, the company’s stock experienced a decline following the announcement, which may have been influenced by factors discussed during the earnings call. There have been no recent mergers or acquisitions reported for Monro Inc. Analyst opinions or upgrades and downgrades were not mentioned in the recent developments. Investors may want to consider these recent financial outcomes when evaluating Monro Inc.’s performance.
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