BY ROY ALBERT ANDRADE, K1LLER. INC.
CHICAGO, ILLINOIS - In a city with a population of roughly 2.705 million people, stands one of the leading providers of independent investment research, Morningstar, Inc. (NASDAQ: MORN), a company sharing insights on a wide range of investment offerings, and presents investment management services through its investment advisory subsidiaries, with more than $220 billion in assets under advisement. The board of directors of Morningstar, Inc. has officially declared a quarterly dividend of 25 cents per share, and is payable Jan. 31, 2018 to shareholders of record as of Jan. 5, 2018.
"Given the momentum in our business, our strong balance sheet, and healthy cash flow, an increased dividend and greater capacity under a new share repurchase program are the appropriate steps in continuing to grow shareholder value," said Kunal Kapoor, chief executive officer of Morningstar.
Shawn W. Anderson