Pep Boys Declares Quarterly Dividend

PHILADELPHIA--September 17, 2011: The Pep Boys -- Manny, Moe & Jack , the nation's leading automotive aftermarket service and retail chain, announced that its Board of Directors approved the payment of the next quarterly dividend of $0.03 per share payable on October 24, 2011 to shareholders of record on October 10, 2011. The annual dividend of $0.12 per share currently yields approximately 1.2%.

About Pep Boys

Pep Boys has more than 7,000 service bays within more than 700 stores located in 35 states and Puerto Rico. Along with its full-service vehicle maintenance and repair capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States.