RLI Declares Regular & Special Dividends
RLI Corp. (NYSE: RLI) has declared a special cash dividend of $1.00 per share and a quarterly cash dividend of $0.24 per share, totaling approximately $45 million. Both dividends are scheduled for payment on December 18, 2020, to shareholders on record as of November 30, 2020. Chairman & CEO Jonathan E. Michael stated that RLI remains committed to delivering value during challenging times, having returned over $1.1 billion to shareholders in the past decade.
- Declared a special cash dividend of $1.00 per share, totaling approximately $45 million.
- Regular quarterly cash dividend of $0.24 per share.
- Returned over $1.1 billion to shareholders in the last ten years.
- None.
PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of
“Despite the challenges that 2020 has presented, RLI has proven to be resilient and persistent in its commitment to creating value for all stakeholders,” said RLI Chairman & CEO Jonathan E. Michael. “Our strong financial performance this year has enabled us to return over
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 24 consecutive years. To learn more about RLI, visit www.rlicorp.com.
