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

Key Points

• Quarterly dividend of $0.50 announced — shareholders of record April 3 will receive the payment on April 30, with an ex-dividend date of April 2 and a reported dividend yield of about 1.2%.
• Long dividend track record: Morningstar has increased its dividend for 16 consecutive years and carries a low payout ratio (~19.1%), suggesting the dividend is well covered by earnings.
• Recent earnings beat: Morningstar reported Q EPS of $2.71 vs. $2.34 expected and revenue of $641.1M vs. $634.4M, and shares were trading up roughly 5% around $164.67 (market cap ≈ $6.5B, P/E ≈ 18.5).

Morningstar, Inc. (NASDAQ:MORN - Get Free Report) announced a quarterly dividend on Friday, December 5th. Stockholders 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) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, April 2nd.

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

Morningstar Trading Up 5.0%

Shares of NASDAQ:MORN opened at $164.67 on Tuesday. The company has a market capitalization of $6.52 billion, a P/E ratio of 18.48 and a beta of 1.10. Morningstar has a 1 year low of $149.08 and a 1 year high of $316.71. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.99. The business's 50 day simple moving average is $179.13 and its 200 day simple moving average is $205.34.

Morningstar (NASDAQ:MORN - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The business services provider reported $2.71 earnings per share 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 analysts' expectations of $634.43 million. Morningstar had a return on equity of 27.94% and a net margin of 15.30%.

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.

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