SEI Investments hikes dividend by 7.5%

On December 5, 2022, SEI Investments (SEIC) declared a quarterly dividend of $0.43 per share, up from $0.40 per share previously. This marks the 32nd consective year of dividend increases by the investment management company. The next SEIC cash dividend will be payable to shareholders of record on Dec. 19, 2022, with a payment date of January 5, 2023. The new dividend yield for SEIC is 1.4% at a stock price of $62.

SEI Investments Company provides investment processing, investment management and investment operations solutions. The company’s clients include corporations, financial institutions, financial advisors, and ultra-high-net-worth families. The company's business platforms include: Investment processing outsourcing platforms for providers of institutional and private-client wealth management services, including banks, trust companies, independent wealth advisers and other financial services firms; Investment management platforms for institutional investors, including retirement plan sponsors, not-for-profit organizations and affluent individual investors; and Investment operations outsourcing platforms for investment management firms, banks, family offices and investment companies that sponsor and distribute mutual funds, hedge funds and alternative investments. SEI began doing business in 1968 and became a public company in 1981. The company serves clients in the United States, Canada, the United Kingdom, continental Europe, South Africa and East Asia.