SEI Investments Rewards Shareholders With Dividend Hike, Stock Dips

SEI Investments Company’s (SEIC) board of directors has announced a semi-annual cash dividend of 49 cents per share, representing an increase of 6.5% from the prior payout. The dividend will be paid out on Jan. 8, 2025, to shareholders on record as of Dec. 27, 2024.Since the announcement of the hike, shares of SEIC lost nearly 1%. Prior to this, the company increased its dividend by 7% to 46 cents per share in December 2023. SEI Investments has raised its semi-annual dividend six times in the last five year ...