Reported December 15, SEI Increased Its Share Repurchase Program By $250M, Increasing The Available Authorization Under The Program To ~$289M
Portfolio Pulse from Benzinga Newsdesk
SEI Investments Company (NASDAQ:SEIC) announced an increase in its share repurchase program by $250 million, bringing the total authorization to approximately $289 million. Additionally, SEIC declared a regular semi-annual dividend of $0.46 per share, payable on January 9, 2024, to shareholders of record as of December 28, 2023.
December 18, 2023 | 3:57 pm
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SEI Investments Company has increased its share repurchase authorization by $250 million and declared a semi-annual dividend of $0.46 per share.
The increase in the share repurchase program and the declaration of a dividend are both positive signals to the market, indicating the company's confidence in its financial position and commitment to returning value to shareholders. This typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100