Morningstar (MORN) Raises Quarterly Dividend 8.7% to $0.25, 1.1% Yield; Announces $500M Share Buyback
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Morningstar, Inc. Increases Quarterly Dividend to 25 Cents Per Share and Authorizes New $500 Million Share Repurchase Program
December 8, 2017 4:05 PM ESTCHICAGO, Dec. 8, 2017 /PRNewswire/ --Â The board of directors of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 25 cents per share. The dividend is payable Jan. 31, 2018, to shareholders of record as of Jan. 5, 2018. The declaration reflects an 8.7 percent increase in the quarterly dividend to 25 cents per share from 23 cents.
While subsequent dividends will be subject to board approval, the company expects to pay three additional dividends in 2018:
Record... More
