SEI Declares Dividend and Increase in Stock Repurchase Program
OAKS, Pa., Dec. 13, 2016 – The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today declared a regular semi-annual dividend of $0.28 (twenty-eight cents) per share, a $0.02, or 7% (seven percent), increase compared to its last regular semi-annual dividend. The cash dividend will be payable to shareholders of record on December 27, 2016, with a payment date of January 6, 2017.
In addition, SEI’s Board of Directors also approved an increase in its stock repurchase program by an additional $200 million, increasing the available authorization under the program to approximately $242 million. Since the beginning of calendar year 2016, the Company repurchased approximately 6.1 million shares at a cost of approximately $271 million.
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of September 30, 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $751 billion in mutual fund and pooled or separately managed assets, including $281 billion in assets under management and $470 billion in client assets under administration. For more information, visit seic.com.