RLI Declares Regular Dividend

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has declared a first quarter cash dividend of $0.25 per share, remaining consistent with the previous quarter. This dividend is payable on March 18, 2022, to shareholders on record as of February 28, 2022. RLI has a strong history, increasing dividends for 46 consecutive years and delivering underwriting profits for 26 consecutive years. The company's current dividend yield stands at 1.01%, based on an annual dividend of $1.00 and a closing stock price of $99.24.

Positive

• Consistent dividend of $0.25 per share maintained from the prior quarter.
• Increased dividends for 46 consecutive years indicates strong shareholder returns.
• Current dividend yield of 1.01% is attractive relative to stock price.

Negative

• None.

PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a first quarter regular cash dividend of $0.25 per share, unchanged from the prior quarter. The dividend is payable on March 18, 2022, to shareholders of record as of February 28, 2022.

RLI has increased dividends in each of the last 46 years. The company’s dividend yield would be 1.01% based on the $1.00 indicated annual dividend and yesterday’s closing stock price of $99.24.

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 46 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/20220215005876/en/

Aaron Diefenthaler

Vice President, Chief Investment Officer & Treasurer

309-693-5846

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What is the dividend amount declared by RLI Corp in 2022?

RLI Corp declared a dividend of $0.25 per share for the first quarter of 2022.

When is the dividend payable for RLI Corp?

The dividend is payable on March 18, 2022.

What is RLI Corp's dividend history?

RLI Corp has increased its dividends for 46 consecutive years.

What is the current dividend yield of RLI Corp?

The current dividend yield is 1.01% based on a $1.00 annual dividend.