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

Morningstar, Inc. (NASDAQ:MORN) announced a quarterly dividend on Friday, December 5th. Investors of record on Friday, April 3rd will be given a dividend of 0.50 per share by the business services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, April 2nd.

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

Morningstar Trading Up 5.0%

MORN opened at $164.67 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.99. Morningstar has a fifty-two week low of $149.08 and a fifty-two week high of $316.71. The company’s 50 day moving average price is $179.13 and its two-hundred day moving average price is $205.34. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 18.48 and a beta of 1.10.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Thursday, February 12th. The business services provider reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.37. The firm had revenue of $641.10 million during the quarter, compared to the consensus estimate of $634.43 million. Morningstar had a net margin of 15.30% and a return on equity of 27.94%.

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.