Morningstar, Inc. (MORN) to Distribute Quarterly Dividend of $0.50 on July 31st

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) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, July 10th.

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

Morningstar Stock Up 2.8%

Shares of MORN stock opened at $170.96 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.66. Morningstar has a 12 month low of $141.49 and a 12 month high of $307.17. The stock has a market cap of $6.50 billion, a P/E ratio of 17.41 and a beta of 1.01. The company has a 50 day simple moving average of $171.75 and a two-hundred day simple moving average of $182.16.

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