SEI Investments Stock To Go Ex-dividend Tomorrow (SEIC)
The ex-dividend date for SEI Investments Company (Nasdaq:SEIC) is tomorrow, June 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $21.97 as of 9:31 a.m., the dividend yield is 1.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for SEI Investments Company (Nasdaq: SEIC) is tomorrow, June 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $21.97 as of 9:31 a.m. ET, the dividend yield is 1.1%. The average volume for SEI Investments has been 778,100 shares per day over the past 30 days. SEI Investments has a market cap of $4 billion and is part of the financial sector and financial services industry. Shares are down 6.6% year to date as of the close of trading on Tuesday. SEI Investments Company provides investment processing, fund processing, and investment management business outsourcing solutions to corporations, financial institutions, financial advisors, and high-net-worth families. The company has a P/E ratio of 17.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates SEI Investments as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full SEI Investments Ratings Report. See our dividend calendar or top-yielding stocks list.