Morningstar, Inc. (NASDAQ:MORN) Announces $0.50 Quarterly Dividend

Morningstar, Inc. (NASDAQ:MORN) declared a quarterly dividend on Friday, December 5th. Investors of record on Friday, July 10th will be given 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 increased its dividend by an average of 0.0%per year 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 Trading Up 2.8%

Shares of MORN stock opened at $170.96 on Wednesday. Morningstar has a 52-week low of $141.49 and a 52-week high of $307.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $171.75 and a two-hundred day simple moving average of $182.16. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 17.41 and a beta of 1.01.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.77. The firm had revenue of $644.80 million for the quarter, compared to the consensus estimate of $626.91 million. Morningstar had a return on equity of 33.14% and a net margin of 16.06%.

Wall Street Analysts Forecast Growth

MORN has been the topic of several research analyst reports. Weiss Ratings cut Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. BMO Capital Markets restated an “outperform” rating and set a $212.00 price target on shares of Morningstar in a research report on Friday, June 26th. UBS Group decreased their price objective on shares of Morningstar from $280.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Rothschild & Co Redburn set a $210.00 target price on shares of Morningstar in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $227.33.

About Morningstar

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.