RLI Declares Regular Dividend

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has declared a first-quarter cash dividend of $0.26 per share, consistent with the previous quarter. This dividend is payable on March 20, 2023, to shareholders on record as of February 28, 2023. The company boasts a strong history, having increased dividends for the last 47 years, resulting in an annual dividend of $1.04 and a yield of 0.78% based on the last closing stock price of $133.50. RLI Corp. is a specialty insurer recognized for its underwriting expertise and exceptional service, with all subsidiaries rated A+ by AM Best.

Positive

• Declared a consistent quarterly cash dividend of $0.26 per share.
• Increased dividends for 47 consecutive years, showing a strong track record.
• Dividend yield of 0.78% enhances shareholder return.
• Subsidiaries rated A+ by AM Best, indicating financial stability.

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 $0.26 per share, unchanged from the prior quarter. The dividend is payable on March 20, 2023 to shareholders of record as of February 28, 2023.

RLI has increased dividends in each of the last 47 years. The company’s dividend yield would be 0.78% based on the $1.04 indicated annual dividend and yesterday’s closing stock price of $133.50.

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 27 consecutive years. To learn more about RLI, visit www.rlicorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230209005598/en/

Aaron Diefenthaler

Chief Investment Officer & Treasurer

309-693-5846

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What is the RLI Corp. dividend amount and payment date?

RLI Corp. has declared a dividend of $0.26 per share, payable on March 20, 2023.

How long has RLI Corp. been increasing its dividends?

RLI Corp. has increased its dividends for 47 consecutive years.

What is the dividend yield for RLI Corp. based on the recent announcement?

The dividend yield for RLI Corp. is 0.78% based on the annual dividend of $1.04 and a closing stock price of $133.50.

How are RLI Corp.'s subsidiaries rated?

All of RLI Corp.'s subsidiaries are rated A+ 'Superior' by AM Best.