As the day concludes, Monro MNRO is preparing to distribute a dividend payout of $0.28 per share, resulting in an annualized dividend yield of 3.80%. This payout is exclusive to investors who held the stock before the ex-dividend date on December 07, 2023.
Monro Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-07 | 4 | $0.28 | 3.8% | 2023-11-29 | 2023-12-08 | 2023-12-19 |
| 2023-08-21 | 4 | $0.28 | 3.24% | 2023-08-10 | 2023-08-22 | 2023-09-05 |
| 2023-06-02 | 4 | $0.28 | 2.29% | 2023-05-18 | 2023-06-05 | 2023-06-19 |
| 2023-03-07 | 4 | $0.28 | 2.12% | 2023-02-09 | 2023-03-08 | 2023-03-22 |
| 2022-12-05 | 4 | $0.28 | 2.44% | 2022-11-22 | 2022-12-06 | 2022-12-20 |
| 2022-08-22 | 4 | $0.28 | 2.17% | 2022-08-19 | 2022-08-23 | 2022-09-06 |
| 2022-06-03 | 4 | $0.28 | 2.57% | 2022-05-19 | 2022-06-06 | 2022-06-20 |
| 2022-03-08 | 4 | $0.26 | 2.34% | 2022-02-11 | 2022-03-09 | 2022-03-23 |
| 2021-12-06 | 4 | $0.26 | 1.68% | 2021-11-23 | 2021-12-07 | 2021-12-21 |
| 2021-08-20 | 4 | $0.26 | 1.88% | 2021-08-18 | 2021-08-23 | 2021-09-07 |
| 2021-06-04 | 4 | $0.24 | 1.45% | 2021-05-20 | 2021-06-07 | 2021-06-21 |
| 2021-03-09 | 4 | $0.22 | 1.42% | 2021-02-12 | 2021-03-10 | 2021-03-24 |
When it comes to dividend yield, Monro stands tall above its industry peers, boasting a remarkable annualized dividend yield of 2.19%.
Analyzing Monro Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.86 in 2019 to $1.10 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Monro
The earnings chart displays a decline in Monro's earnings per share, decreasing from $2.40 in 2019 to $1.54 in 2022. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
In this article, we explore the recent dividend payout of Monro and its significance for shareholders. The company has decided to distribute a dividend of $0.28 per share today, which equates to an annualized dividend yield of 3.80%.
When it comes to dividend yield, Monro stands tall above its industry peers, boasting a remarkable annualized dividend yield of 2.19%.
With dividend per share increasing and earnings per share decreasing from 2019 to 2022, Monro seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[Monitor live stock price updates for Monro on Benzinga.](https://www.benzinga.com/quote/Monro (NASDAQ: MNRO))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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