Morningstar, Inc. (MORN) will raise its quarterly dividend to $0.23 per share. The dividend is payable Jan. 31, 2017, to shareholders of record as of Jan. 6, 2017.
The new dividend yield for Morningstar, a provider of independent investment research, is 1.2% based on a stock price of $76.36 and an annual dividend of $0.92 per share.
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.