SEI Declares Dividend of $.20 per Share and Increase in Stock Repurchase Program
OAKS, PA -- (Marketwired) -- 05/22/13 -- 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
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.
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.
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