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Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services; routine maintenance services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. The company also provides automotive undercar repair services, including tire replacement sales, and tire related service. The company operates its stores under the brand names of Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, Tire Warehouse Tires for Less, Ken Towery's Tire & Auto Care, Mountain View Tire & Auto Service, Tire Barn Warehouse, and Free Service Tire & Auto Centers. As of March 26, 2022, it operated 1,304 company-operated stores, 76 Car-X franchised locations, seven wholesale locations, and three retread facilities in 32 states. The company was formerly known as Monro Muffler Brake, Inc. and changed its name to Monro, Inc. in August 2017. Monro, Inc. was founded in 1957 and is headquartered in Rochester, New York.

Monro Dividend Announcement

Monro announced a quarterly dividend of $0.28 per ordinary share which will be made payable on 2024-09-10. Ex dividend date: 2024-08-27
Monro annual dividend for 2024 was $0.84
Monro annual dividend for 2023 was $1.12
Monro's trailing twelve-month (TTM) dividend yield is 5.06%
Monro's payout ratio for the trailing twelve months (TTM) is 128.14%
Monro's dividend growth over the last five years (2018-2023) was 7.50% year
Monro's dividend growth over the last ten years (2013-2023) was 13.00% year

Monro Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-27$0.28quarterly2024-09-10
2024-06-04$0.28quarterly2024-06-18
2024-03-07$0.28quarterly2024-03-22
2023-12-07$0.28quarterly2023-12-19
2023-08-21$0.28quarterly2023-09-05
2023-06-02$0.28quarterly2023-06-19
2023-03-07$0.28quarterly2023-03-22
2022-12-05$0.28quarterly2022-12-20
2022-08-22$0.28quarterly2022-09-06
2022-06-03$0.28quarterly2022-06-20
2022-03-08$0.26quarterly2022-03-23
2021-12-06$0.26quarterly2021-12-21
2021-08-20$0.26quarterly2021-09-07
2021-06-04$0.24quarterly2021-06-21
2021-03-09$0.22quarterly2021-03-24
2020-12-07$0.22quarterly2020-12-22
2020-08-21$0.22quarterly2020-09-08
2020-06-05$0.22quarterly2020-06-22
2020-03-12$0.22quarterly2020-03-24
2019-12-09$0.22quarterly2019-12-24
2019-08-23$0.22quarterly2019-09-09
2019-05-31$0.22quarterly2019-06-17
2019-03-14$0.20quarterly2019-03-25
2018-12-10$0.20quarterly2018-12-21
2018-08-24$0.20quarterly2018-09-06
2018-06-01$0.20quarterly2018-06-14
2018-03-15$0.18quarterly2018-03-26
2017-12-11$0.18quarterly2017-12-22
2017-08-24$0.18quarterly2017-09-07
2017-05-31$0.18quarterly2017-06-12
2017-03-10$0.17quarterly2017-03-24
2016-12-09$0.17quarterly2016-12-23
2016-08-18$0.17quarterly2016-09-01
2016-06-01$0.17quarterly2016-06-13
2016-03-11$0.15quarterly2016-03-25
2015-12-10$0.15quarterly2015-12-24
2015-08-13$0.15quarterly2015-08-27
2015-05-28$0.15quarterly2015-06-11
2015-03-13$0.13quarterly2015-03-27
2014-12-12$0.13quarterly2014-12-26
2014-08-14$0.13quarterly2014-08-28
2014-05-29$0.13quarterly2014-06-12
2014-03-14$0.11quarterly2014-03-28
2013-12-12$0.11quarterly2013-12-26
2013-08-15$0.11quarterly2013-08-29
2013-05-29$0.11quarterly2013-06-11

Monro Dividend per year

Monro Dividend growth

Monro Dividend Yield

Monro current trailing twelve-month (TTM) dividend yield is 5.06%. Interested in purchasing Monro stock? Use our calculator to estimate your expected dividend yield:

Monro Financial Ratios

P/E ratio30.23
PEG ratio-4.14
P/B ratio1.27
ROE4.18%
Payout ratio128.14%
Current ratio0.53
Quick ratio0.21
Cash Ratio0.04

Monro Dividend FAQ

How much is the next Monro dividend?
Monro's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Monro dividend. The next Monro dividend will be released in March, June, August, or December.
When is Monro dividend paid?
Monro pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, August, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Monro pay?
The specific amount of Monro dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Monro's dividend history.
Does Monro stock pay dividends?
Yes, Monro does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Monro's dividend history.
How much dividend does Monro pay?
Monro paid $0.84 in 2024, $1.12 in 2023, $1.1 in 2022, $0.98 in 2021, and $0.88 in 2020.
How often does Monro pay dividends?
Monro typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, August, and December.
What is Monro's dividend yield?
The current dividend yield for Monro is 5.06%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Monro's exact dividend yield.
When does Monro go ex dividend?
Monro's ex-dividend date for the latest dividend was on 2024-08-27. Monro typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Monro dividend paid?
Monro pays dividends on a quarterly basis, typically around March, June, August, or December, but the exact dates can vary each year.
Will Monro increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Monro will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Monro dividend per share?
Monro paid $0.84 per share in 2024 and $1.12 per share in 2023. The amount of dividend per share that Monro pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Monro a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Monro a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Monro a dividend stock?
Yes, Monro is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Monro a good dividend stock?
Whether Monro is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Monro has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Monro as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Monro pay dividends monthly?
Monro typically pays dividends on a quarterly basis.
Does Monro pay dividends quarterly?
Monro currently pays dividends on a quarterly basis.
Has Monro ever paid a dividend?
Yes, Monro has a history of paying dividends to its shareholders. Monro is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Monro dividend stocks?
To buy Monro you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Monro stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Monro pay dividends 2024?
Monro pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-10. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Monro increase its dividend in 2024?
Decisions regarding Monro dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Monro dividend overview you can look into the above table of dividend history.
How Monro dividend works?
The Monro dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Monro's dividend process works:

1. Determination of Dividend: Monro's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Monro publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Monro distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Monro are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Monro dividends paid?
Monro dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Monro sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Monro distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Monro declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Monro pay dividends?
Monro typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Monro pay dividends?
The general pattern is that Monro pays dividends around March, June, August, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Monro dividend safe?
The safety of Monro's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Monro's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Monro's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.