Morningstar, Inc. (MORN) To Go Ex-Dividend on January 2nd

Morningstar, Inc. (NASDAQ:MORN) declared a quarterly dividend on Friday, December 5th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.50 per share by the business services provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. This is a 9.9% increase from Morningstar’s previous quarterly dividend of $0.46.

Morningstar has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Morningstar has a dividend payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings.

Morningstar Price Performance

NASDAQ:MORN traded down $1.02 during mid-day trading on Wednesday, reaching $216.99. 64,222 shares of the stock were exchanged, compared to its average volume of 287,845. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average price of $214.60 and a 200 day moving average price of $247.02. Morningstar has a 1-year low of $202.89 and a 1-year high of $339.99. The firm has a market capitalization of $8.92 billion, a PE ratio of 24.69 and a beta of 1.11.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.13. Morningstar had a net margin of 15.70% and a return on equity of 25.07%. The company had revenue of $617.40 million for the quarter, compared to analysts’ expectations of $603.29 million.

Morningstar Company Profile

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.