SEI Declares Dividend of $0.37 per Share

Rhea-AI Summary

On June 2, 2021, SEI Investments Company (NASDAQ: SEIC) declared a cash dividend of $0.37 per share, payable to shareholders of record on June 14, 2021, with a payment date of June 22, 2021.

Additionally, the Board approved a $250 million increase to its stock repurchase program, raising the total authorization to approximately $316 million.

SEI continues to manage approximately $1 trillion in assets, highlighting its strong position in investment processing and management.

Positive

• Declared a cash dividend of $0.37 per share, enhancing shareholder returns.
• Increased stock repurchase program by $250 million, reflecting confidence in financial strength.

Negative

• None.

OAKS, Pa., June 2, 2021 /PRNewswire/ -- The Board of Directors of SEI Investments Company (NASDAQ: SEIC) on June 2, 2021 declared a dividend of $0.37 (thirty-seven cents) per share. The cash dividend will be payable to shareholders of record on June 14, 2021, with a payment date of June 22, 2021.

The Board of Directors of SEI Investments Company also approved an increase in its stock repurchase program by an additional $250 million, increasing the available authorization under the program to approximately $316 million.

About SEI
After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions designed to help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2021, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers approximately $1 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including approximately $384 billion in assets under management and $836 billion in client assets under administration. For more information, visit seic.com.

Company Contact:
Leslie Wojcik
SEI
+1 610-676-4191
lwojcik@seic.com

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SOURCE SEI Investments Company

FAQ

What is the dividend amount declared by SEIC in June 2021?

SEI Investments declared a cash dividend of $0.37 per share on June 2, 2021.

When will the dividend be paid to shareholders of SEIC?

The dividend will be payable on June 22, 2021, to shareholders of record on June 14, 2021.

How much was the increase in SEIC's stock repurchase program?

The stock repurchase program was increased by $250 million, raising the total authorization to approximately $316 million.

How much assets does SEIC manage as of March 31, 2021?

As of March 31, 2021, SEI manages, advises, or administers approximately $1 trillion in assets.