Part II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer  Purchases of Equity Securities Issuer Purchases of Equity Securities* Our common stock is listed on the Nasdaq Global Select Market  under the symbol “MORN.” The following table shows the high and low price per share of our  common stock for the periods indicated, as reported on the Nasdaq  Global Select Market: In addition to these proceedings, we are involved in legal proceed- ings and litigation that have arisen in the normal course of our  business. Although the outcome of a particular proceeding can never  be predicted, we do not believe that the result of any of these other  matters will have a material adverse effect on our business, operat- ing results, or financial condition. As of February 18, 2011, the last reported price on the Nasdaq Global  Select Market for our common stock was $59.27 per share and there  were approximately 1,466 shareholders of record of our common stock. In September 2010, our board of directors approved a regular quar- terly dividend of 5 cents per share. The first quarterly dividend was  payable on January 14, 2011 to shareholders of record on December  31, 2010. As of December 31, 2010, we recorded a liability of  $2,494,000 for dividends payable. Any determination to pay dividends in the future will be at the  discretion of our board of directors and will be dependent upon our  results of operations, financial condition, contractual restrictions,  restrictions imposed by applicable law, and other factors deemed  relevant by the board of directors. Future indebtedness and loan  facilities may also prohibit or restrict our ability to pay dividends  and make distributions to our shareholders. See Note 11 in our Notes to our Consolidated Financial Statements  for a description of our equity compensation plans. The following table presents information related to repurchases of common stock we made during the three months ended December 31, 2010: Morningstar, Inc. 2010 Annual Report 55 (1) In September 2010, our board of directors approved a share repurchase program that authorizes the purchase of up to $100 million of our outstanding common stock. The share repurchase  program expires on December 31, 2012. * Subject to applicable law, we may repurchase shares at prevailing market prices directly on the open market or in privately negotiated transactions in amounts that we deem appropriate. Total number of  Approximate dollar  shares purchased  value of shares that as part of  may yet be  Total number of  Average price  announced purchased under  Period:  shares purchased  paid per share  programs (1)  the programs (1) October 1, 2010 – October 31, 2010  —  $  —  —  $100,000,000 November 1, 2010 – November 30, 2010  61,480   49.58  61,480  96,951,978 December 1, 2010 – December 31, 2010  14,738   49.88  14,738  96,216,778 Total 76,218  $ 49.64  76,218  96,216,778 2010 2009 High  Low High  Low First Quarter  $ 50.14  $ 43.01 $ 38.60  $ 26.70 Second Quarter  50.91   42.42  45.69   30.37 Third Quarter  46.79   39.61  48.56   35.61 Fourth Quarter  54.09   44.38  54.75   46.00