Morningstar’s board also approved a new three-year share repurchase program that authorizes the Company to repurchase up to $500 million in shares of the Company’s outstanding common stock, effective Jan. 1, 2023. This new repurchase program will replace the existing program, which came into effect on Jan. 1, 2021. The share repurchase authorization permits the Company to repurchase shares from time to time at prevailing market prices on the open market or in private transactions in amounts that management deems appropriate. Please contact investors@morningstar.com with any questions.
“We are pleased with our track record of dividend increases and the approval of a new share repurchase program. We continue to focus on prudent capital allocation through investment in our business and returning cash to shareholders,” said Kunal Kapoor, chief executive officer of Morningstar.
