Monro Muffler Brake Inc.'s board of directors has declared a quarterly cash dividend of $.05 per share on the company's outstanding shares of common stock.
The dividend also applies to the shares of common stock to which the holders of Monro's Class C convertible preferred stock are entitled.
The dividend is payable on Jan. 30, 2006, to shareholders of record at the close of business on Jan. 20, 2006.
Monro Muffler Brake operates 626 stores under the following names: Monro Muffler Brake and Service, Speedy Auto Service by Monro, Mr. Tire and Tread Quarters Discount Tires.
Monro Muffler Brake's stock was selling for $30.52 a share at the close of NASDAQ on Thursday, Jan. 12. That compares to a 52-week high and low of $32.63 and $23.31, respectively.
