Morningstar (MORN) Increases Quarterly Dividend by 12.3%

By Bobby Samwell • Saturday, December 07 15:20 • Permanent Link

Morningstar, Inc. (NASDAQ: MORN) has announced a significant increase in its quarterly dividend to 45.5 cents per share, up from the prior quarterly rate of 40.5 cents per share. This marks a 12.3% increase resulting in an expected annualized dividend of $1.82 per share compared to the prior annualized rate of $1.62 per share.

The company's board of directors has declared the payable date for the increased dividend as January 31, 2025, with a record date of January 3, 2025. Morningstar, Inc. also anticipates paying three additional dividends in 2025, with the respective record dates and payable dates outlined as follows:

April 4, 2025 – Payable on April 30, 2025
July 11, 2025 – Payable on July 31, 2025
October 3, 2025 – Payable on October 31, 2025

Morningstar, Inc. is a leading provider of independent investment insights and operates through wholly-owned subsidiaries in 32 countries. As of September 30, 2024, the company's investment advisory subsidiaries manage approximately $328 billion in assets under management.

For more information about Morningstar, Inc., visit www.morningstar.com/company and follow the company on x (formerly known as Twitter) @morningstarinc. As a result of these announcements, the company's shares have moved 0.3% on the market, and are now trading at a price of $358.02. Check out the company's full 8-K submission here.

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