This morning, Monro Muffler (NASDAQ:MNRO) declared its quarterly dividend of 12 cents per share, an increase of about 33% over its prior dividend. Based on the current stock price, investors can expect a yield of about 1% going forward.
Shares of Monro were higher on the news, picking up 2.4% so far.
In other dividend news, Pepsico (NYSE:PEP) maintained its quarterly dividend of 48 cents per share. Lowe's (NYSE:LOW) maintained its quarterly dividend of 11 cents per share. Precision Castparts (NYSE:PCP) maintained its quarterly dividend of 3 cents per share. And Genuine Parts (NYSE:GPC) maintained its quarterly dividend of 41 cents per share.
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