Monro Muffler Brake News

Monro Muffler Brake Inc's A Board of Directors has approved a 1c increase in the Company's cash dividend for the first quarter of fiscal year 2013 to 10c per share, representing an increase of 11.1% from the quarterly dividends paid in fiscal 2012.

The analysts wrote, "The favorable long-term growth story on MNRO remains intact, but the company appears caught in an air pocket right now.

Monro Muffler Brake Incorporated announced its quarterly dividend of 10 cents per share, an increase of about 11% over its prior dividend in March of 9 cents.

Monro Muffler Brake Inc's quarterly sales missed analysts' estimates and the auto-repair chain forecast weak earnings citing soft demand.

Photo by Ritchie StarnesThe family owned Colony Tire has sold its retail stores to Monro Muffler & Brake with the exception of its Edenton location at the corner of Broad Street and Coke Avenue.