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SEI Declares Dividendof.16per Sharean Increasein Stock Repurchase Programanda Special Dividendof.32per Share

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December 11, 2012 14:45 ET

SEI Declares Dividend of $.16 per Share, an Increase in Stock Repurchase Program, and a Special Dividend of $.32 per Share

OAKS, PA--(Marketwire - Dec 11, 2012) - 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. 

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, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $448 billion in mutual fund and pooled or separately managed assets, including $195 billion in assets under management and $253 billion in client assets under administration. For more information, visit [ www.seic.com ].