Morningstar (MORN) Raises Quarterly Dividend 4.2% to $0.375; $500M Buyback Announced

Morningstar (NASDAQ: MORN) declared a quarterly dividend of $0.375 per share, or $1.5 annualized. This is a 4.2% increase from the prior dividend of $0.36. The dividend will be payable on January 31, 2023, to stockholders of record on January 6, 2023, with an ex-dividend date of January 5, 2023. The annual yield on the dividend is 0.6 percent.

Morningstar's board also approved a new three-year share repurchase program that authorizes the Company to repurchase up to $500 million in shares of the Company's outstanding common stock, effective Jan. 1, 2023. This new repurchase program will replace the existing program, which came into effect on Jan. 1, 2021. The share repurchase authorization permits the Company to repurchase shares from time to time at prevailing market prices on the open market or in private transactions in amounts that management deems appropriate.

For a dividend history and other dividend-related data on Morningstar (MORN) click here.

You May Also Be Interested In

• MDU Resources Group (MDU) Raises Quarterly Dividend 3.6% to $0.145; 2.9% Yield
• Quest Diagnostics (DGX) Declares $0.86 Quarterly Dividend; 1.4% Yield
• Cboe Global Markets (CBOE) Raises Quarterly Dividend 19.4% to $0.86; 1.2% Yield