Morningstar Board Authorizes New Regular Quarterly Dividend and $100 Million Share Repurchase

Morningstar, Inc. MORN today announced that its board of directors has approved a regular quarterly cash dividend of 5 cents per share beginning with the first quarter of 2011. Morningstar also announced that its board has approved a share repurchase program that authorizes the company to repurchase up to $100 million in shares of the company's outstanding common stock. The company said it may repurchase shares from time to time at prevailing market prices on the open market or in private transactions in amounts that management deems appropriate.