SEI Investments Company (SEIC) to Issue Dividend of $0.52 on January 12th

SEI Investments Company (NASDAQ:SEIC) announced a dividend on Friday, December 12th. Investors of record on Monday, December 29th will be given a dividend of 0.52 per share by the asset manager on Monday, January 12th. This represents a yield of 125.0%. The ex-dividend date of this dividend is Monday, December 29th.

SEI Investments has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 34 consecutive years. SEI Investments has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Analysts expect SEI Investments to earn $5.30 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 19.6%.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $84.85 on Friday. SEI Investments has a 52-week low of $64.66 and a 52-week high of $93.96. The company has a fifty day moving average of $81.90 and a 200-day moving average of $85.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.62 and a current ratio of 5.73. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 15.60 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. SEI Investments had a return on equity of 30.21% and a net margin of 31.09%.The business had revenue of $578.51 million during the quarter, compared to the consensus estimate of $578.75 million. During the same period in the previous year, the company posted $1.19 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.