RLI Declares Regular Dividend

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has declared a third quarter cash dividend of $0.26 per share, consistent with the prior quarter. The dividend will be payable on September 20, 2022, to shareholders of record by August 31, 2022. This marks the 48th consecutive year of dividend increases for RLI, with a current yield of 0.88% based on the indicated annual dividend of $1.04 and a closing stock price of $117.77. RLI is recognized for its expertise in specialty insurance and maintains an A+ rating from AM Best for all subsidiaries.

Positive

• Declared a consistent dividend of $0.26 per share for third quarter.
• 48 consecutive years of dividend increases, showcasing financial stability.
• Current dividend yield is 0.88%, reflecting income potential for shareholders.

Negative

• None.

PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.26 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2022, to shareholders of record as of August 31, 2022.

RLI has increased dividends in each of the last 47 years. The company’s dividend yield would be 0.88% based on the $1.04 indicated annual dividend and yesterday’s closing stock price of $117.77.

ABOUT RLI

RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by AM Best Company. RLI has paid and increased regular dividends for 47 consecutive years and delivered underwriting profits for 26 consecutive years. To learn more about RLI, visit www.rlicorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220817005476/en/

Aaron Diefenthaler

Chief Investment Officer & Treasurer

309-693-5846

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What is the dividend amount declared by RLI Corp. for Q3 2022?

RLI Corp. declared a cash dividend of $0.26 per share for Q3 2022.

When is the dividend payable for RLI shareholders?

The dividend is payable on September 20, 2022.

What is the record date for RLI's Q3 2022 dividend?

The record date for the dividend is August 31, 2022.

How long has RLI Corp. been increasing dividends?

RLI Corp. has increased its dividends for 48 consecutive years.

What is the current dividend yield for RLI?

The current dividend yield for RLI is 0.88%, based on an annual dividend of $1.04.