Morningstar, Inc. (NASDAQ:MORN) declared a quarterly dividend on Monday, October 8th, Wall Street Journal reports. Investors of record on Wednesday, October 17th will be paid a dividend of 0.25 per share by the business services provider on Wednesday, October 31st. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, October 16th.
Morningstar has raised its dividend payment by an average of 10.6% annually over the last three years and has increased its dividend every year for the last 6 years.
NASDAQ MORN traded down $1.90 on Monday, hitting $115.75. 65,269 shares of the company were exchanged, compared to its average volume of 76,465. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 37.14 and a beta of 0.82. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.14. Morningstar has a 1-year low of $82.64 and a 1-year high of $144.34.
Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, July 25th. The business services provider reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.28. The firm had revenue of $252.40 million during the quarter. Morningstar had a return on equity of 17.53% and a net margin of 16.15%.
In other news, Director William M. Lyons sold 625 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $133.54, for a total value of $83,462.50. Following the completion of the sale, the director now directly owns 16,752 shares of the company’s stock, valued at approximately $2,237,062.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 11,233 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $131.12, for a total value of $1,472,870.96. Following the completion of the sale, the chairman now directly owns 23,370,877 shares of the company’s stock, valued at $3,064,389,392.24. The disclosure for this sale can be found here. Insiders have sold a total of 333,741 shares of company stock valued at $44,838,523 over the last three months. Company insiders own 57.50% of the company’s stock.
Separately, BidaskClub raised Morningstar from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 6th.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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