Morningstar names Michael Holt as CFO; dividend raised 12.3% to $0.455

Morningstar, Inc.

CFO Jason Dubinsky to step down Dec 31, 2024; Michael Holt (current Chief Strategy Officer) succeeds Jan 1, 2025.
Quarterly dividend increased 12.3% to $0.455 per share for 2025; payable date not specified.
Leverage reduced to ~1.2x funded indebtedness/EBITDA as of Sep 30, 2024; debt paydown completes.
Divested Commodity & Energy data business in Q3 2024; TAMP transfer to AssetMark completed Dec 1, 2024.
Morningstar Credit revenue rose 35.7% in nine months through Sep 30, 2024 vs prior year.

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