Today, SEI Investments (SEIC) announced a 16.7% increase in its semi-annual dividend to 14 cents per share versus 12 cents per share in the 2nd quarter last year. The company pays a dividend in the 2nd and 4th quarters of the year.Additionally, the company announced a 2 for 1 stock spilt. The aforementioned dividends are on a presplit basis.The company has increased its dividend each year since 1998.
- SEIC's Earnings and Dividend Ranking is A+.
- The 5-Year historical dividend growth rate is approximately 19%.
- The estimated 2007 payout ratio is approximately 11% based on 2007 estimated earnings of $2.62. The 5-year historical payout ratio is 11% as well.