SEI Declares Dividend of $0.40 per Share

Rhea-AI Summary

SEI Investments Company (NASDAQ: SEIC) announced a semi-annual dividend of $0.40 per share, payable to shareholders of record on Dec. 21, 2021, with a payment date of Jan. 7, 2022. Furthermore, the Board approved an increase in its stock repurchase program by an additional $200 million, raising the total authorization to approximately $261 million. As of Sept. 30, 2021, SEI manages around $1.3 trillion in assets, showcasing its significant role in the financial services industry.

Positive

• Declaring a semi-annual dividend of $0.40 per share, providing income to shareholders.
• Increasing stock repurchase program by $200 million, raising total program authorization to $261 million, indicating company confidence.

Negative

• None.

OAKS, Pa., Dec. 13, 2021 /PRNewswire/ -- The Board of Directors of SEI Investments Company (NASDAQ: SEIC) on Dec. 10, 2021 declared a regular semi-annual dividend of $0.40 (forty cents) per share. The cash dividend will be payable to shareholders of record on Dec. 21, 2021, with a payment date of Jan. 7, 2022. 

The Board of Directors of SEI Investments Company also approved an increase in its stock repurchase program by an additional $200 million, increasing the available authorization under the program to approximately $261 million.

About SEI^®
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to solve problems, manage change and help protect assets—for growth today and in the future. As of Sept. 30, 2021, SEI manages, advises, or administers approximately $1.3 trillion in assets. For more information, visit seic.com.

Company/Media Contact:                                                         

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

View original content:https://www.prnewswire.com/news-releases/sei-declares-dividend-of-0-40-per-share-301442727.html

SOURCE SEI Investments Company

FAQ

What is the dividend amount declared by SEI Investments Company?

SEI Investments Company declared a semi-annual dividend of $0.40 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on January 7, 2022, to shareholders of record on December 21, 2021.

What is the total amount of the stock repurchase program for SEI?

The total amount authorized for the stock repurchase program is approximately $261 million.

How much assets does SEI manage as of September 30, 2021?

As of September 30, 2021, SEI manages, advises, or administers approximately $1.3 trillion in assets.