Pep Boys Declares Quarterly Dividend

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Thu Jun 19, 2008 4:30pm EDT 

PHILADELPHIA--(Business Wire)--
The Pep Boys - Manny, Moe & Jack (NYSE:PBY), the nation's leading
automotive aftermarket retail and service chain, announced that its
Board of Directors approved the payment of the next quarterly dividend
of $.0675 per share payable on July 28, 2008 to shareholders of record
on July 14, 2008. The annual dividend of $.27 per share currently
yields approximately 2.7%.

   About Pep Boys

   Pep Boys has over 560 stores and approximately 6,000 service bays
in 35 states and Puerto Rico. Along with its vehicle repair and
maintenance 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. Customers can find the nearest location by
calling 1-800-PEP-BOYS or by visiting pepboys.com.

Pep Boys, Philadelphia
Investor Contact:
Ray Arthur, 215-430-9720
or
Media Contact:
Alex Spooner, 215-430-9588
http://www.pepboys.com

Copyright Business Wire 2008
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