Benzinga | Dec 17, 2020 10:16AM EST

Analyzing SEI Investments's Ex-Dividend Date

On December 8, 2020, SEI Investments (NASDAQ:SEIC) declared a dividend payable on January 7, 2021 to its shareholders. SEI Investments also announced that shareholders on the company's books on or before December 21, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. SEI Investments, which has a current dividend per share of $0.37, has an ex-dividend date scheduled for December 18, 2020. That equates to a dividend yield of 1.33% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding SEI Investments's Dividend Payouts And Yields

Over the past year, SEI Investments has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on December 26, 2018 the company's payout was $0.33, which has since grown by $0.04. SEI Investments's dividend yield last year was 1.34%, which has since decreased by 0.01%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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