Welcome!

SYS-CON UK Authors: Salvatore Genovese, Jamie Matusow

News Feed Item

SEI Declares Dividend of $.16 per Share, an Increase in Stock Repurchase Program, and a Special Dividend of $.32 per Share

OAKS, PA -- (Marketwire) -- 12/11/12 -- The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today declared a regular semi-annual dividend of $.16 (sixteen cents) per share, a $.01 increase compared to its last semi-annual dividend. The cash dividend will be payable to shareholders of record on December 21, 2012, with a payment date of December 28, 2012.

In addition, SEI's Board of Directors also approved an increase in its stock repurchase program by an additional $50 million, increasing the available authorization under the program to approximately $100 million. Since the beginning of calendar year 2012, the Company repurchased approximately 7.1 million shares at a cost of approximately $146 million.

Finally, SEI's Board of Directors also declared a one-time, special cash dividend of $.32 per share. This dividend will also be payable to shareholders of record on December 21, 2012, with a payment date of December 28, 2012.

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 September 30, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $448 billion in mutual fund and pooled or separately managed assets, including $195 billion in assets under management and $253 billion in client assets under administration. For more information, visit www.seic.com.

Company Contact:
Dana Grosser
SEI
+1 610-676-2459
dgrosser@seic.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.