Morningstar, Inc.
MORNFinancial Services · Stock · quarterly payer
Forward Yield
1.16%
Annual Dividend
$2.00
Payout Ratio
20%
5-Yr Growth
8.5%
Ex-Date
Oct 2, 2026
Frequency
Quarterly
Summary
As of July 2026, Morningstar, Inc. (MORN) yields 1.16% ($2.00 per share annually), with a blended fair-value estimate of $227.88 — +32% upside, so it screens as undervalued. Dividend safety grade: A (83/100). 14 years of dividend growth.
Is MORN a good dividend stock?
YesMorningstar, Inc. (MORN) pays a quarterly dividend yielding 1.16% ($2.00/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (20%)
- Strong 8.5% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 1.16%
- Payout Ratio
- 20%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 8.5%
- Ex-Dividend Date
- Oct 2, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 1.01
- Market Cap
- $6.5B
- P/E Ratio
- 17.7
- 5-Yr Total Return
- -36%
- 52-Week Range
- $141.49 – $291.52
- Dividend Safety
- A · 83/100
- Ever Cut?
- No
Frequently Asked Questions
MORN Price — Last 12 Months
Daily close
Price Return
1 Year
-34%
3 Years
-26%
5 Years
-36%
52-Week Range
$141.49 – $291.52
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MORN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Morningstar, Inc. is $227.88 per share, versus a market price of $172.48. That implies 32% of upside — a margin of safety of about 24%.
Fair Value
$227.88
Current Price
$172.48
Upside
+32%
Margin of Safety
24%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 11.5% annual free-cash-flow growth. We model 12.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 12.9% stage-1 growth, 2.5% terminal growth, $9.78 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MORN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.5000 | regular |
| Apr 2, 2026 | — | $0.5000 | regular |
| Jan 2, 2026 | — | $0.5000 | regular |
| Oct 3, 2025 | — | $0.4550 | regular |
| Jul 11, 2025 | — | $0.4550 | regular |
| Apr 4, 2025 | — | $0.4550 | regular |
| Jan 3, 2025 | — | $0.4550 | regular |
| Oct 4, 2024 | — | $0.4050 | regular |
| Jul 12, 2024 | — | $0.4050 | regular |
| Apr 4, 2024 | — | $0.4050 | regular |
| Jan 4, 2024 | — | $0.4050 | regular |
| Oct 5, 2023 | — | $0.3750 | regular |
| Jul 6, 2023 | — | $0.3750 | regular |
| Apr 5, 2023 | — | $0.3750 | regular |
Income Calculator
At $2.00 / yr per share
