SEI Declares Dividend of $0.40 per Share

Rhea-AI Summary

The Board of Directors of SEI Investments Company (NASDAQ: SEIC) announced a semi-annual dividend of $0.40 per share on June 1, 2022, payable to shareholders of record on June 13, 2022, with a payment date of June 22, 2022. Additionally, the company increased its stock repurchase program by $200 million, bringing the total authorization to approximately $264 million. As of March 31, 2022, SEI manages about $1.3 trillion in assets.

Positive

• Declaring a cash dividend of $0.40 per share boosts shareholder income.
• Increasing stock repurchase program by $200 million shows confidence in company's value.

Negative

• None.

News Market Reaction – SEIC

-1.35%

1 alert

-1.35% News Effect

On the day this news was published, SEIC declined 1.35%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Company Increases Share Repurchase Program by $200 Million

OAKS, Pa., June 1, 2022 /PRNewswire/ -- The Board of Directors of SEI Investments Company (NASDAQ: SEIC) on June 1, 2022 declared a regular semi-annual dividend of $0.40 (forty cents) per share. The cash dividend will be payable to shareholders of record on June 13, 2022, with a payment date of June 22, 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 $264 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 March 31, 2022, 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-301559350.html

SOURCE SEI Investments Company

FAQ

What is the dividend amount declared by SEIC in 2022?

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

When will SEIC's dividend be paid?

The dividend will be paid on June 22, 2022.

What is the total amount of SEIC's stock repurchase program?

The total authorization for SEIC's stock repurchase program is approximately $264 million.