SEI Declares Dividend of $.20 per Share and Increase in Stock Repurchase Program
OAKS, PA--(Marketwired - May 22, 2013) - The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today declared a regular semi-annual dividend of $.20 (twenty cents) per share, a $.04, or twenty-five percent (25%), increase compared to its last regular semi-annual dividend. The cash dividend will be payable to shareholders of record on June 17, 2013, with a payment date of June 25, 2013.
In addition, SEI's Board of Directors also approved an increase in its stock repurchase program by an additional $100 million, increasing the available authorization under the program to approximately $139 million. Since the beginning of calendar year 2013, the Company repurchased approximately 1.8 million shares at a cost of approximately $52.2 million.
About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $495 billion in mutual fund and pooled or separately managed assets, including $206 billion in assets under management and $289 billion in client assets under administration. For more information, visit www.seic.com.
