Morningstar (MORN) will raise its quarterly dividend by 15.8 percent to $0.22 per share. This follows a dividend increase of 11.8 last year and marks the fourth consecutive year of double digit dividend increases by the company.

Morningstar, Inc. is a provider of independent investment research in North America, Europe, Australia, and Asia. The company offers products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar has been publicly traded since May 2005.