Monro board declares five cent quarterly dividend
Monro Muffler Brake Inc. announced a quarterly dividend of $0.05 per share on the company's outstanding shares of common stock. The dividend is payable July 29, 2005, to stockholders of record at the close of business July 19, 2005.
The plan, approved by Monro's board of directors, anticipates a total annual dividend of $0.20 per common share.
Monro's stock price was $26.03 at the close of NASDAQ on Friday, May 20. That compares to a 52-week high and low of $29.64 and $18.78, respectively.
Monro reported that its comparable store sales in the fourth quarter of fiscal 2005 increased between 4% and 5% versus the same period 12 months prior. Monro says it is optimistic for growth in fiscal 2006, based on current visibility and business trends.
The company will post its complete fourth-quarter and fiscal 2005 financial results on May 24.