Morningstar Inc (MORN.O)
20 Jan 2017
Latest Key Developments (Source: Significant Developments)
Morningstar, Inc:Declares quarterly dividend; increases dividend by 16 percent and share repurchase authorization by $300 million.Increases quarterly dividend by 16 percent to $0.22 per share.Says approved a $300 million increase to the company's share repurchase authorization, bringing the total authorization to $1.0 billion. Full Article
Morningstar Inc:Says Kunal Kapoor, CFA, 40, has been named president of the company, a new position.He will continue to report to Joe Mansueto, chairman and chief executive officer. Full Article
Morningstar:Entered into a definitive agreement to acquire Total Rebalance Expert (tRx), an automated, tax-efficient investment portfolio rebalancing platform for financial advisors, from FNA, LLC.Morningstar expects to complete the transaction in November 2015.Terms were not disclosed. Full Article
Morningstar, Inc:Declares quarterly dividend of 19 cents per share.Payable July 31, to shareholders of record as of July 10. Full Article
NEW YORK Investors pulled $3.2 billion from the Pimco Total Return Fund, once the world's largest bond fund, in December, bringing last year’s total cash withdrawals to $16.1 billion, Morningstar data showed on Friday.