Morningstar, Inc. Declares Quarterly Dividend of $0.41 (NASDAQ:MORN)

Morningstar, Inc. (NASDAQ:MORN) announced a quarterly dividend on Tuesday, June 18th, Wall Street Journal reports. Investors of record on Friday, July 12th will be given a dividend of 0.405 per share by the business services provider on Wednesday, July 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, July 12th.

Morningstar has decreased its dividend by an average of 0.3% per year over the last three years and has increased its dividend every year for the last 15 years. Morningstar has a payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings.

Morningstar Stock Up 0.1 %

MORN opened at $296.23 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 59.84 and a beta of 1.17. Morningstar has a one year low of $198.75 and a one year high of $316.05. The business’s fifty day moving average is $294.30 and its two-hundred day moving average is $292.10.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The business had revenue of $542.80 million for the quarter.

Insider Buying and Selling

In other news, CFO Jason Dubinsky sold 3,400 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $300.11, for a total value of $1,020,374.00. Following the completion of the transaction, the chief financial officer now directly owns 20,181 shares of the company’s stock, valued at $6,056,519.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Morningstar news, CFO Jason Dubinsky sold 3,400 shares of Morningstar stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total value of $1,020,374.00. Following the transaction, the chief financial officer now owns 20,181 shares in the company, valued at approximately $6,056,519.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Caroline J. Tsay sold 290 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $296.98, for a total value of $86,124.20. Following the completion of the transaction, the director now directly owns 3,925 shares in the company, valued at $1,165,646.50. The disclosure for this sale can be found here. Insiders sold 77,952 shares of company stock worth $23,001,340 in the last ninety days. Insiders own 37.70% of the company’s stock.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.