Monro Muffler Brake, Inc. (MNRO) to Issue Quarterly Dividend of $0.18
Monro Muffler Brake, Inc. (NASDAQ:MNRO) declared a quarterly dividend on Friday, December 1st, Fidelity reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.18 per share by the auto parts company on Friday, December 22nd. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 11th. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.11.
Monro Muffler Brake has raised its dividend payment by an average of 26.0% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Monro Muffler Brake has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Monro Muffler Brake to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 32.6%.
Shares of Monro Muffler Brake (NASDAQ:MNRO) traded up $0.25 during mid-day trading on Wednesday, reaching $52.40. The company’s stock had a trading volume of 271,200 shares, compared to its average volume of 364,490. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.28 and a current ratio of 1.00. Monro Muffler Brake has a 12 month low of $39.65 and a 12 month high of $61.75. The firm has a market cap of $1,709.06, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.91 and a beta of 0.67.
Several analysts have recently issued reports on the company. TheStreet downgraded Monro Muffler Brake from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Monro Muffler Brake in a research note on Tuesday, October 24th. Oppenheimer set a $70.00 price target on Monro Muffler Brake and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Monro Muffler Brake from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, Jefferies Group downgraded Monro Muffler Brake from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Monro Muffler Brake has a consensus rating of “Hold” and a consensus target price of $63.33.
TRADEMARK VIOLATION NOTICE: This article was first reported by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/06/monro-muffler-brake-inc-mnro-to-issue-quarterly-dividend-of-0-18.html.
Monro Muffler Brake Company Profile
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
Receive News & Ratings for Monro Muffler Brake Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake Inc. and related companies with MarketBeat.com's FREE daily email newsletter.