Please ensure Javascript is enabled for purposes of website accessibility

SEI Investments Declares a Double Dividend

By Rich Smith - Dec 11, 2012 at 5:11PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Special and regular dividends combine for a $0.48-per-share payout.

Another day, another special, fiscal cliff-inspired dividend payout. On Tuesday, just before trading closed for the day, SEI Investments (SEIC 3.84%) announced that on Dec. 28, it will pay out an increased regular quarterly dividend of $0.16 per share, and also a special, one-time dividend of $0.32 per share. Both payments will be to shareholders of record as of Dec. 21.

In addition, SEIC added $50 million to its stock repurchase authorization, increasing the total amount of stock it is authorized to buy back to approximately $100 million. SEIC noted in a statement that since the beginning of 2012, it has already repurchased approximately 7.1 million shares at an approximate cost of $146 million.

Shares of SEIC closed for the day up 2% at $22.45.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

SEI Investments Co. Stock Quote
SEI Investments Co.
SEIC
$55.38 (3.84%) $2.05

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
336%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.