Morningstar, Inc. (NASDAQ:MORN) Shares Will Pay Quarterly Dividend of $0.50

Morningstar, Inc. (NASDAQ:MORN) announced a quarterly dividend on Friday, December 5th. Investors of record on Friday, October 2nd will be paid a dividend of $0.50 per share by the business services provider on Friday, October 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, October 2nd.

Morningstar has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 16 years. Morningstar has a dividend payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings.

Morningstar Stock Performance

NASDAQ MORN opened at $186.35 on Wednesday. The company has a 50 day moving average of $201.04 and a 200-day moving average of $182.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.66. Morningstar has a 1-year low of $141.49 and a 1-year high of $234.90. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 17.65 and a beta of 1.00.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $2.83 by $0.27. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.The company had revenue of $663.20 million for the quarter, compared to analysts’ expectations of $649.72 million.

About Morningstar

Morningstar, Inc is a global provider of independent investment research, data, and analytical services. The company serves individual investors, financial advisors, asset managers, institutions, and retirement plan providers through information and tools designed to support investment research, portfolio construction, wealth management, and financial planning.

Its offerings include ratings and research on mutual funds, exchange-traded funds, stocks, bonds, and other investments; portfolio management and investment research platforms such as Morningstar Direct and Morningstar Advisor Workstation; and data, analytics, and software for asset managers and financial institutions.