Morningstar, Inc. Raises Regular Quarterly Dividend to 10 Cents Per Share

The board of directors of Morningstar, Inc.

, today declared a quarterly dividend of 10 cents per share—an increase over the quarterly dividend of 5 cents per share the company has paid since it began dividend payments in the first quarter of 2011. The dividend is payable Jan. 31, 2012 to shareholders of record as of Jan. 13, 2012. While subsequent dividends will be subject to board approval, the company expects to pay additional dividends on the following schedule: