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 2024-12-17. Ex dividend date: 2024-12-03
• Monro annual dividend for 2024 was $1.12
• Monro annual dividend for 2023 was $1.12
• Monro's trailing twelve-month (TTM) dividend yield is 3.96%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-03 | $0.28 | quarterly | 2024-12-17 |
2024-08-27 | $0.28 | quarterly | 2024-09-10 |
2024-06-04 | $0.28 | quarterly | 2024-06-18 |
2024-03-07 | $0.28 | quarterly | 2024-03-22 |
2023-12-07 | $0.28 | quarterly | 2023-12-19 |
2023-08-21 | $0.28 | quarterly | 2023-09-05 |
2023-06-02 | $0.28 | quarterly | 2023-06-19 |
2023-03-07 | $0.28 | quarterly | 2023-03-22 |
2022-12-05 | $0.28 | quarterly | 2022-12-20 |
2022-08-22 | $0.28 | quarterly | 2022-09-06 |
2022-06-03 | $0.28 | quarterly | 2022-06-20 |
2022-03-08 | $0.26 | quarterly | 2022-03-23 |
2021-12-06 | $0.26 | quarterly | 2021-12-21 |
2021-08-20 | $0.26 | quarterly | 2021-09-07 |
2021-06-04 | $0.24 | quarterly | 2021-06-21 |
2021-03-09 | $0.22 | quarterly | 2021-03-24 |
2020-12-07 | $0.22 | quarterly | 2020-12-22 |
2020-08-21 | $0.22 | quarterly | 2020-09-08 |
2020-06-05 | $0.22 | quarterly | 2020-06-22 |
2020-03-12 | $0.22 | quarterly | 2020-03-24 |
2019-12-09 | $0.22 | quarterly | 2019-12-24 |
2019-08-23 | $0.22 | quarterly | 2019-09-09 |
2019-05-31 | $0.22 | quarterly | 2019-06-17 |
2019-03-14 | $0.20 | quarterly | 2019-03-25 |
2018-12-10 | $0.20 | quarterly | 2018-12-21 |
2018-08-24 | $0.20 | quarterly | 2018-09-06 |
2018-06-01 | $0.20 | quarterly | 2018-06-14 |
2018-03-15 | $0.18 | quarterly | 2018-03-26 |
2017-12-11 | $0.18 | quarterly | 2017-12-22 |
2017-08-24 | $0.18 | quarterly | 2017-09-07 |
2017-05-31 | $0.18 | quarterly | 2017-06-12 |
2017-03-10 | $0.17 | quarterly | 2017-03-24 |
2016-12-09 | $0.17 | quarterly | 2016-12-23 |
2016-08-18 | $0.17 | quarterly | 2016-09-01 |
2016-06-01 | $0.17 | quarterly | 2016-06-13 |
2016-03-11 | $0.15 | quarterly | 2016-03-25 |
2015-12-10 | $0.15 | quarterly | 2015-12-24 |
2015-08-13 | $0.15 | quarterly | 2015-08-27 |
2015-05-28 | $0.15 | quarterly | 2015-06-11 |
2015-03-13 | $0.13 | quarterly | 2015-03-27 |
2014-12-12 | $0.13 | quarterly | 2014-12-26 |
2014-08-14 | $0.13 | quarterly | 2014-08-28 |
2014-05-29 | $0.13 | quarterly | 2014-06-12 |
2014-03-14 | $0.11 | quarterly | 2014-03-28 |
2013-12-12 | $0.11 | quarterly | 2013-12-26 |
2013-08-15 | $0.11 | quarterly | 2013-08-29 |
2013-05-29 | $0.11 | quarterly | 2013-06-11 |
Monro Dividend per year
Monro Dividend growth
Monro Dividend Yield
Monro current trailing twelve-month (TTM) dividend yield is 3.96%. Interested in purchasing Monro stock? Use our calculator to estimate your expected dividend yield:
Monro Financial Ratios
Monro Dividend FAQ
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.
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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.
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.
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.