Morningstar, Inc. Buyback
OLI recorded this information on 12/8/2017
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. Morningstar's board also approved a new 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, 2018. The existing program expires on Dec. 31, 2017. 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.
Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. Co. provides a line of products and services for ndividual investors, financial advisors, asset managers, retirement plan providers and sponsors, and private market/venture capital investors. Co.'s primary products and services include Morningstar Data, Morningstar Data, PitchBook, DBRS Morningstar, Morningstar Investment Management, Morningstar Advisor Workstation, Workplace Solutions, Morningstar.com, Morningstar Office, and Morningstar Indexes.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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