SEI Declares Dividend of $.24 Per Share And Increase In Stock Repurchase Program

From SEI:

SEI Declares Dividend of $.24 Per Share And Increase In Stock Repurchase Program

OAKS, Pa., May 27, 2015 – The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today declared a regular semi-annual dividend of $.24 (twenty-four cents) per share. The cash dividend will be payable to shareholders of record on June 16, 2015, with a payment date of June 24, 2015.  

In addition, SEI’s Board of Directors also approved an increase in its stock repurchase program by an additional $200 million, increasing the available authorization under the program to approximately $212 million. Since the beginning of calendar year 2015, the Company repurchased approximately 2.1 million shares at a cost of approximately $91 million.

About SEI

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 March 31, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $648 billion in mutual fund and pooled or separately managed assets, including $258 billion in assets under management and $390 billion in client assets under administration. For more information, visit seic.com.