OAKS, Pa. – SEI Investments Company (NASDAQ: NASDAQ:SEIC), a provider of technology and investment solutions, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.46 per share. Shareholders of record as of June 10, 2024, will be eligible for the dividend payout scheduled on June 18, 2024.
The announcement is a reflection of SEI's ongoing commitment to providing returns to its shareholders. The company, known for its services across investment processing, operations, and asset management, caters to a diverse clientele including corporations, financial institutions, and ultra-high-net-worth families.
As of March 31, 2024, SEI is responsible for managing, advising, or administering assets approximately totaling $1.5 trillion. This financial milestone underscores the company's substantial role in the asset management industry.
The declaration of the dividend follows SEI's performance trajectory and its strategy to share the profits with its investors. The payment of dividends is a common practice among established companies as a way to distribute a portion of their earnings back to shareholders.
This news is based on a press release statement from SEI Investments Company and provides shareholders and potential investors with relevant financial information regarding the upcoming dividend distribution.
InvestingPro Insights
SEI Investments Company (NASDAQ: SEIC) has recently made headlines with its latest dividend declaration, reinforcing its reputation as a consistent provider of shareholder value. Let's delve into some key insights from InvestingPro that highlight the financial health and potential of SEIC.
InvestingPro Data indicates that SEIC has a market capitalization of $8.75 billion and boasts a solid P/E ratio of 18.04, which adjusts slightly to 17.95 when considering the last twelve months as of Q1 2024. This suggests that the company is reasonably valued in the market relative to its earnings. Furthermore, the revenue growth for SEIC has been positive, with a 4.45% increase over the last twelve months as of Q1 2024, which is a testament to the company's ability to expand its financial footprint in the asset management industry.
An InvestingPro Tip that is particularly relevant to the article is SEIC's impressive track record of raising its dividend for 10 consecutive years, indicating a strong commitment to providing consistent and growing returns to its shareholders. Additionally, analysts have revised their earnings upwards for the upcoming period, signaling confidence in SEIC's future performance.
For those interested in deeper analysis and more InvestingPro Tips, SEI Investments Company has a total of 9 tips available on https://www.investing.com/pro/SEIC. These tips provide valuable insights that could help investors make informed decisions about their investments in SEIC.
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