CHICAGO, Sept. 15,
2023 /PRNewswire/ -- The board of directors of
Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent
investment insights, today declared a quarterly dividend of
37.5 cents per share, consistent with
the dividend paid in July. The dividend is payable Oct. 31, 2023 to shareholders of record as of
Oct. 6, 2023. Please contact
investors@morningstar.com with any questions.
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 services for individual investors, financial advisors,
asset managers and owners, retirement plan providers and sponsors,
and institutional investors in the debt and private capital
markets. 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 $264 billion in assets under advisement and
management as of June 30, 2023. The
Company operates through wholly- or majority-owned subsidiaries in
32 countries. For more information, visit
www.morningstar.com/company. Follow Morningstar on 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 "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," "prospects," or "continue."
These statements 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; liability related
to cybersecurity and the protection of confidential information,
including personal information about individuals; compliance
failures, regulatory action, or changes in laws applicable to our
credit ratings operations, investment advisory, ESG and index
businesses; failing to innovate our product and service offerings,
or anticipate our clients' changing needs; 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
recruit, develop, and retain qualified employees; liability for any
losses that result from errors in our automated advisory tools;
inadequacy of our operational risk management and business
continuity programs in the event of a material disruptive event;
failing to realize the expected business or financial benefits of
our acquisitions and investments; failing to scale our operations
and increase productivity and its effect on our ability to
implement our business plan; artificial intelligence and related
new technologies that may present business, compliance, and
reputational risks; 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
flexibility; challenges in accounting for complexities in taxes in
the global jurisdictions in which we operate that could materially
affect our tax rate; 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 can be found in our filings with the Securities and
Exchange Commission, including our most recent Annual Report on
Form 10-K and Quarterly Report on Form 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 or future events.
©2023 Morningstar, Inc. All Rights Reserved.
MORN-C
Media Contact:
Landon
Hudson, +1 312 696-6037 or newsroom@morningstar.com
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SOURCE Morningstar, Inc.