Morningstar, Inc. Buyback
OLI recorded this information on 12/6/2022
Company:
Morningstar, Inc.
Buyback:
MORN buyback
$Amount Authorized:
$500,000,000
Buyback Details:
The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 37.5 cents per share, an increase of 4.2 percent. The dividend is payable Jan. 31, 2023, to shareholders of record as of Jan. 6, 2023. The 1.5 cent increase from the prior quarterly rate of 36 cents per share results in an annualized dividend of $1.50 per share compared with the prior annualized rate of $1.44 per share. 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. Please contact investors@morningstar.com with any questions.
Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. Co. provides a variety of products and solutions that serve market participants of all kinds, including individual and institutional investors in public and private capital markets, financial advisors, asset managers, retirement plan providers and sponsors, and issuers of securities. Co.'s primary products and services include: PitchBook, which provides data and research covering the private capital markets; DBRS Morningstar, which is a credit rating agency; and Morningstar Data, which provides institutions with access to a range of investment data spanning various databases.
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Avg. Broker Rec.
 
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