Monro Muffler/Brake Stock To Go Ex-dividend Tomorrow (MNRO)
The ex-dividend date for Monro Muffler/Brake (Nasdaq:MNRO) is tomorrow, December 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $38.79 as of 9:30 a.m., the dividend yield is 0.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for Monro Muffler/Brake (Nasdaq: MNRO) is tomorrow, December 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $38.79 as of 9:30 a.m. ET, the dividend yield is 0.9%. The average volume for Monro Muffler/Brake has been 294,400 shares per day over the past 30 days. Monro Muffler/Brake has a market cap of $1.21 billion and is part of the consumer goods sector and automotive industry. Shares are up 12.5% year to date as of the close of trading on Wednesday. Monro Muffler Brake, Inc. provides automotive undercar repair and tire services. The company offers 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. The company has a P/E ratio of 25.4, above the average automotive industry P/E ratio of 25.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Monro Muffler/Brake as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Monro Muffler/Brake Ratings Report. See our dividend calendar or top-yielding stocks list.
Monro Muffler (MNRO) stock is sharply lower Thursday afternoon after the automotive repair chain posted weaker-than-expected results for the 2016 fiscal fourth quarter and provided a disappointing outlook.