OAKS, PA--(Marketwire - Dec 13, 2011) - The Board of Directors of SEI Investments Company (NASDAQ: [ SEIC ]) today declared a dividend of $0.15 (fifteen cents) per share. The cash dividend will be payable to shareholders of record on December 28, 2011 with a payment date of January 6, 2012.
In addition, SEI's Board of Directors approved an increase in its stock repurchase program by an additional $100 million. Since the beginning of calendar year 2011, the Company repurchased approximately 10.5 million shares at a cost of approximately $201 million.
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, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $395 billion in mutual fund and pooled assets or separately managed assets, including $162 billion in assets under management and $233 billion in client assets under administration. For more information, visit [ www.seic.com ].