OAKS, PA — SEI Investments Company (NASDAQ: SEIC), a leading provider of investment processing, management, and operations solutions, recently made two significant announcements that underscore its commitment to enhancing shareholder value.
In a move that will undoubtedly please its investors, the company’s Board of Directors declared a regular semi-annual dividend of $0.46 per share on Dec. 15, 2023. This cash dividend is payable to shareholders recorded as of Dec. 28, 2023, with the payment scheduled for Jan. 9, 2024. This decision reflects the company’s strong financial performance and its dedication to sharing its success with its shareholders.
In addition to the dividend declaration, the board approved an increase in its stock repurchase program by an additional $250 million. This move raises the available authorization under the program to approximately $289 million. Stock repurchase programs are a common way for companies to reinvest in themselves by reducing the number of outstanding shares on the market, which can increase the value of remaining shares.
SEI Investments’ decision to boost its stock repurchase program showcases the company’s confidence in its future prospects and its commitment to maintaining a robust capital structure. It also indicates the company’s belief that its stock is undervalued and represents a good investment opportunity.
These latest developments from SEI Investments highlight the company’s strategic financial management and its focus on maximizing shareholder returns. As the firm continues to navigate the dynamic investment landscape, these moves signal a positive outlook for its future financial performance.
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