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

Morningstar, Inc. (NASDAQ:MORN) announced a quarterly dividend on Wednesday, September 18th, Wall Street Journal reports. Investors of record on Friday, October 4th will be given a dividend of 0.405 per share by the business services provider on Thursday, October 31st. This represents a $1.62 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, October 4th.

Morningstar has decreased its dividend payment by an average of 0.3% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Morningstar has a dividend payout ratio of 20.2% indicating that its dividend is sufficiently covered by earnings.

Morningstar Trading Down 0.0 %

NASDAQ MORN traded down $0.13 on Friday, hitting $320.69. 303,111 shares of the stock were exchanged, compared to its average volume of 114,095. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. Morningstar has a 52-week low of $219.45 and a 52-week high of $330.22. The firm has a market capitalization of $13.71 billion, a P/E ratio of 64.79 and a beta of 1.18. The stock has a fifty day moving average price of $311.52 and a two-hundred day moving average price of $302.98.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) for the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%. The firm had revenue of $571.90 million during the quarter.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research note on Wednesday, August 28th.

Insider Activity

In other Morningstar news, Director Caroline J. Tsay sold 290 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $296.98, for a total value of $86,124.20. Following the transaction, the director now directly owns 3,925 shares in the company, valued at approximately $1,165,646.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Morningstar news, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $294.21, for a total transaction of $220,657.50. Following the transaction, the director now owns 15,840 shares of the company’s stock, valued at approximately $4,660,286.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Caroline J. Tsay sold 290 shares of Morningstar stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $296.98, for a total transaction of $86,124.20. Following 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. Over the last ninety days, insiders sold 63,231 shares of company stock valued at $19,488,988. 39.90% of the stock is currently owned by company insiders.

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.