SEI Declares Dividend of $0.49 per Share

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

SEI Investments Company (NASDAQ: SEIC) has announced a semi-annual dividend increase from $0.46 to $0.49 per share. The dividend was declared by the Board of Directors on December 12, 2024. Shareholders of record as of December 27, 2024, will receive the cash dividend payment on January 8, 2025. This represents a 6.5% increase from the previous semi-annual dividend.

Positive

Dividend increased by 6.5% from $0.46 to $0.49 per share
Demonstrates company's financial strength and commitment to shareholder returns

Negative

None.

News Market Reaction – SEIC

-0.87%

1 alert

-0.87% News Effect

On the day this news was published, SEIC declined 0.87%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

12/12/2024 - 04:05 PM

OAKS, Pa., Dec. 12, 2024 /PRNewswire/ -- The Board of Directors of SEI Investments Company (NASDAQ: SEIC) on Dec. 12, 2024 declared a regular semi-annual dividend of $0.49 per share, an increase from the prior semi-annual dividend of $0.46. The cash dividend will be payable to shareholders of record on Dec. 27, 2024, with a payment date of Jan. 8, 2025.

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 help drive growth, make confident decisions, and protect futures. As of Sept. 30, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets. For more information, visit seic.com.