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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. 

## Part II 

## Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and 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: 

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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. 

## Issuer Purchases of Equity Securities* 

The following table presents information related to repurchases of common stock we made during the three months ended December 31, 2010: 

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* 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. 

(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. 

