OAKS, Pa., Dec. 11, 2018 – The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today declared a regular semi-annual dividend of $0.33 (thirty-three cents) per share. The cash dividend will be payable to shareholders of record on Dec. 27, 2018, with a payment date of Jan. 8, 2019.
The board also announced an increase in its stock repurchase program by an additional $250 million, increasing the available authorization under the program to approximately $268 million. Since the beginning of calendar year 2018, the Company repurchased approximately 5.6 million shares at a cost of approximately $352.4 million.
After 50 years in business, SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Sept. 30, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $920 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $339 billion in assets under management and $576 billion in client assets under administration.