Morningstar Boosts Quarterly Dividend

Dow Jones

2024/12/07

By Sarina Isaacs

Morningstar said Friday that it raised its quarterly dividend by 12.3%.

The Chicago-based financial-services firm said it boosted the payout to 45.5 cents a share from the prior 40.5 cents.

The new payout, equal to $1.82 a year, represents an annual yield of about 0.5% based on Friday's closing price of $358.02. The dividend is payable Jan. 31 to shareholders of record as of Jan. 3.

The company's last dividend raise came about a year ago, when it lifted its payout by 8%.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

December 06, 2024 16:35 ET (21:35 GMT)

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