Morningstar, Inc. (MORN) to Distribute Quarterly Dividend of $0.50 on July 31st

Morningstar, Inc. (NASDAQ:MORNGet Free Report) declared a quarterly dividend on Friday, December 5th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.50 per share by the business services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, July 10th.

Morningstar has raised its dividend by an average of 0.0%per year over the last three years and has raised 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 Price Performance

Shares of NASDAQ:MORN opened at $170.96 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $6.50 billion, a PE ratio of 17.41 and a beta of 1.01. The firm’s 50 day moving average price is $171.75 and its 200-day moving average price is $182.16. Morningstar has a twelve month low of $141.49 and a twelve month high of $307.17.

Morningstar (NASDAQ:MORNGet Free Report) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.77. The business had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $626.91 million. Morningstar had a net margin of 16.06% and a return on equity of 33.14%.

About Morningstar

(Get Free Report)

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.

Further Reading

Dividend History for Morningstar (NASDAQ:MORN)

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