SEI Investments Company (NASDAQ:SEIC) Announces Dividend of $0.52

SEI Investments Company (NASDAQ:SEIC) announced a dividend on Wednesday, May 27th. Shareholders of record on Monday, June 8th will be given a dividend of 0.52 per share by the asset manager on Tuesday, June 16th. This represents a yield of 116.0%. The ex-dividend date is Monday, June 8th.

SEI Investments has increased its dividend payment by an average of 0.1%per year 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. Research analysts expect SEI Investments to earn $6.60 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 15.8%.

SEI Investments Stock Down 1.2%

SEIC stock opened at $89.68 on Thursday. SEI Investments has a one year low of $75.08 and a one year high of $93.96. The stock has a market capitalization of $10.79 billion, a PE ratio of 15.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. The company has a fifty day moving average of $84.13 and a 200-day moving average of $83.26.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, topping the consensus estimate of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. During the same quarter last year, the business earned $1.17 EPS. The business’s revenue was up 12.9% on a year-over-year basis. As a group, analysts expect that SEI Investments will post 5.89 EPS for the current year.

About SEI Investments

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.