OAKS, Pa., Dec. 13, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of SEI Investments Company (NASDAQ:SEIC) today declared a regular semi-annual dividend of $0.28 (twenty-eight cents) per share, a $0.02, or 7% (seven percent), increase compared to its last regular semi-annual dividend. The cash dividend will be payable to shareholders of record on December 27, 2016, with a payment date of January 6, 2017. 

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 $242 million. Since the beginning of calendar year 2016, the Company repurchased approximately 6.1 million shares at a cost of approximately $271 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 September 30, 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $751 billion in mutual fund and pooled or separately managed assets, including $281 billion in assets under management and $470 billion in client assets under administration. For more information, visit seic.com.

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

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.