From the Wires
SEI Declares Dividend of $.16 per Share, an Increase in Stock Repurchase Program, and a Special Dividend of $.32 per Share
By: Marketwired .
Dec. 11, 2012 02:45 PM
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.
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