Morningstar, Inc. Increases Quarterly Dividend to 45.5 Cents Per Share
06 Diciembre 2024 - 3:15PM
Business Wire
The board of directors of Morningstar, Inc. (Nasdaq: MORN), a
leading provider of independent investment research, today declared
a quarterly dividend of 45.5 cents per share, payable Jan. 31,
2025, to shareholders of record as of Jan. 3, 2025. The five-cent,
or 12.3%, increase from the prior quarterly rate of 40.5 cents per
share results in an expected annualized dividend of $1.82 per share
compared with the prior annualized rate of $1.62 per share.
While subsequent dividends will be subject to board approval,
the company expects to pay three additional dividends in 2025:
Record Date
Payable Date
April 4, 2025
April 30, 2025
July 11, 2025
July 31, 2025
Oct. 3, 2025
Oct. 31, 2025
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment insights in North America, Europe, Australia, and Asia.
The Company offers an extensive line of products and solutions that
serve a wide range of market participants, including individual and
institutional investors in public and private capital markets,
financial advisors and wealth managers, asset managers, retirement
plan providers and sponsors, and issuers of fixed-income
securities. Morningstar provides data and research insights on a
wide range of investment offerings, including managed investment
products, publicly listed companies, private capital markets, debt
securities, and real-time global market data. Morningstar also
offers investment management services through its investment
advisory subsidiaries, with approximately $328 billion in AUMA as
of Sept. 30, 2024. The Company operates through wholly-owned
subsidiaries in 32 countries. For more information, visit
www.morningstar.com/company. Follow Morningstar on X (formerly
known as Twitter) @MorningstarInc.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements as that
term is used in the Private Securities Litigation Reform Act of
1995. These statements are based on our current expectations about
future events or future financial performance. Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain, and often contain words such as “consider,”
“future,” “maintain,” “may,” “expect,” “potential,” “anticipate,”
“believe,” “continue,” “will,” or the negative thereof, and similar
expressions. These statements, including statements regarding
future dividend payments, involve known and unknown risks and
uncertainties that may cause the events we discuss not to occur or
to differ significantly from what we expect. For us, these risks
and uncertainties include, among others, failing to maintain and
protect our brand, independence, and reputation; failure to prevent
and/or mitigate cybersecurity events and the failure to protect
confidential information, including personal information about
individuals; compliance failures, regulatory action, or changes in
laws applicable to our credit ratings operations, investment
advisory, environmental, social, and governance, and index
businesses; failing to innovate our product and service offerings,
or anticipate our clients’ changing needs; the impact of artificial
intelligence and related technologies on our business, legal, and
regulatory exposure profile and reputation; failing to detect
errors in our products or the failure of our products to perform
properly due to defects, malfunctions, or similar problems; failing
to recruit, develop, and retain qualified employees; prolonged
volatility or downturns affecting the financial sector, global
financial markets, and the global economy and its effect on our
revenue from asset-based fees and our credit ratings business;
failing to scale our operations and increase productivity in order
to implement our business plans and strategies; liability for any
losses that result from errors in our automated advisory tools or
errors in the use of the information and data we collect;
inadequacy of our operational risk management, business continuity
programs and insurance coverage in the event of a material
disruptive event; failing to close, or achieve the anticipated
economic or other benefits of, a strategic transaction on a timely
basis or at all; failing to efficiently integrate and leverage
acquisitions and other investments, which may not realize the
expected business or financial benefits, to produce the results we
anticipate; failing to maintain growth across our businesses in
today's fragmented geopolitical, regulatory, and cultural world;
liability relating to the information and data we collect, store,
use, create, and distribute or the reports that we publish or are
produced by our software products; the potential adverse effect of
our indebtedness on our cash flows and financial and operational
flexibility; challenges in accounting for tax complexities in the
global jurisdictions which we operate in and their effect on our
tax obligations and tax rates; and failing to protect our
intellectual property rights or claims of intellectual property
infringement against us. A more complete description of these risks
and uncertainties, among others, can be found in our filings with
the Securities and Exchange Commission (SEC), including our most
recent Reports on Forms 10-K and 10-Q. If any of these risks and
uncertainties materialize, our actual future results and other
future events may vary significantly from what we expect. We do not
undertake to update our forward-looking statements as a result of
new information, future events or otherwise, except as may be
required by law. You are, however, advised to review any further
disclosures we make on related subjects, and about new or
additional risks, uncertainties and assumptions in our filings with
the SEC on Forms 10-K, 10-Q, and 8-K.
©2024 Morningstar, Inc. All Rights Reserved.
MORN-C
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version on businesswire.com: https://www.businesswire.com/news/home/20241205277268/en/
Landon Hudson, +1 312 696-6037 or newsroom@morningstar.com
Morningstar (NASDAQ:MORN)
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