RLI Declares Regular Dividend

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has announced a first quarter regular cash dividend of $0.24 per share, consistent with the previous quarter. This dividend will be payable on March 19, 2021, to shareholders recorded by February 26, 2021. Notably, RLI has consistently increased its dividends for 45 years, offering a 0.92% dividend yield based on an annual payout of $0.96 at a closing stock price of $103.93. RLI is a specialty insurer with strong ratings, providing dedicated service across the property, casualty, and surety markets.

Positive

• Dividend maintained at $0.24 per share, reflecting stability.
• 45 consecutive years of dividend increases shows strong commitment to shareholder value.
• Dividend yield of 0.92% indicates attractive return on investment.
• RLI's subsidiaries hold A+ ratings, ensuring trust and reliability in insurance services.

Negative

• None.

RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a first quarter regular cash dividend of $0.24 per share, unchanged from the prior quarter. The dividend is payable on March 19, 2021, to shareholders of record as of February 26, 2021.

RLI has increased dividends in each of the last 45 years. The company’s dividend yield would be 0.92% based on the $0.96 indicated annual dividend and yesterday’s closing stock price of $103.93.

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 45 consecutive years and delivered underwriting profits for 25 consecutive years. To learn more about RLI, visit www.rlicorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210211005874/en/

FAQ

What is the dividend amount declared by RLI for Q1 2021?

RLI has declared a dividend of $0.24 per share for Q1 2021.

When will RLI's dividend be paid?

The dividend will be paid on March 19, 2021.

What is the yield of RLI's dividend?

The dividend yield is 0.92% based on an annual dividend of $0.96.

How long has RLI been increasing its dividends?

RLI has increased its dividends for 45 consecutive years.