RLI Declares Special Dividend and Two-for-One Stock Split
RLI Corp (NYSE: RLI) announced a special cash dividend of $4.00 per share totaling approximately $183 million, along with a regular quarterly dividend of $0.29 per share. Both dividends will be paid on December 20, 2024, to shareholders of record as of November 29, 2024. Additionally, the company declared a two-for-one stock split for shareholders of record as of December 31, 2024, effective January 15, 2025, with post-split trading beginning January 16, 2025. The dividends will be paid on pre-split shares.
RLI Corp (NYSE: RLI) ha annunciato un dividendo straordinario in contante di $4,00 per azione per un totale di circa 183 milioni di dollari, insieme a un dividendo regolare trimestrale di $0,29 per azione. Entrambi i dividendi saranno pagati il 20 dicembre 2024 agli azionisti registrati al 29 novembre 2024. Inoltre, la società ha dichiarato uno scorporo azionario due a uno per gli azionisti registrati al 31 dicembre 2024, con effetto dal 15 gennaio 2025, e le negoziazioni post-scissione inizieranno il 16 gennaio 2025. I dividendi saranno pagati sulle azioni prima della scissione.
RLI Corp (NYSE: RLI) anunció un dividendo especial en efectivo de $4.00 por acción, totalizando aproximadamente 183 millones de dólares, junto con un dividendo regular trimestral de $0.29 por acción. Ambos dividendos se pagarán el 20 de diciembre de 2024 a los accionistas registrados hasta el 29 de noviembre de 2024. Además, la empresa declaró un desdoblamiento de acciones de dos por uno para los accionistas registrados hasta el 31 de diciembre de 2024, efectivo el 15 de enero de 2025, con el inicio de las transacciones después del desdoblamiento el 16 de enero de 2025. Los dividendos se pagarán sobre las acciones antes del desdoblamiento.
RLI Corp (NYSE: RLI)는 주당 $4.00의 특별 현금 배당금을 약 1억8300만 달러에 해당하는 금액으로 발표했으며, 주당 $0.29의 정기 분기 배당금도 함께 발표했습니다. 두 배당금 모두 2024년 12월 20일에 2024년 11월 29일 기준 주주에게 지급됩니다. 또한, 회사는 2024년 12월 31일 기준 주주에게 2-for-1 주식 분할을 선언했으며, 이는 2025년 1월 15일에 시행되고 분할 후 거래는 2025년 1월 16일부터 시작됩니다. 배당금은 분할 이전의 주식에 대해 지급됩니다.
RLI Corp (NYSE: RLI) a annoncé un dividende exceptionnel en espèces de 4,00 $ par action, totalisant environ 183 millions de dollars, ainsi qu'un dividende trimestriel régulier de 0,29 $ par action. Les deux dividendes seront versés le 20 décembre 2024 aux actionnaires enregistrés le 29 novembre 2024. De plus, la société a déclaré un fractionnement d'actions de deux pour un pour les actionnaires enregistrés au 31 décembre 2024, effectif à partir du 15 janvier 2025, avec des transactions après fractionnement commençant le 16 janvier 2025. Les dividendes seront versés sur les actions avant le fractionnement.
RLI Corp (NYSE: RLI) hat eine Sonderdividende in bar von $4,00 pro Aktie in Höhe von insgesamt etwa 183 Millionen Dollar angekündigt, zusammen mit einer regulären vierteljährlichen Dividende von $0,29 pro Aktie. Beide Dividenden werden am 20. Dezember 2024 an die Aktionäre ausgezahlt, die am 29. November 2024 registriert sind. Darüber hinaus erklärte das Unternehmen einen Aktien-Split im Verhältnis 2 zu 1 für die Aktionäre, die am 31. Dezember 2024 registriert sind, mit Wirkung zum 15. Januar 2025, wobei der Handel nach dem Split am 16. Januar 2025 beginnt. Die Dividenden werden auf die Aktien vor dem Split ausgezahlt.
- Special dividend of $4.00 per share, totaling $183 million
- Regular quarterly dividend of $0.29 per share maintained
- Two-for-one stock split announced
- Strong capital management despite active hurricane season
- Active hurricane season impacting operations
Insights
A significant financial event with RLI announcing a
The company's ability to maintain substantial dividend payments despite challenging conditions (active hurricane season) demonstrates robust financial health and effective risk management. The special dividend represents a substantial
Both dividends are payable on December 20, 2024, to shareholders of record as of November 29, 2024. The two-for-one stock split is for shareholders of record as of December 31, 2024, and will be effective and shares will be distributed on January 15, 2025. Shares will begin trading post-split on January 16, 2025. Both the regular and special dividends will be paid on the pre-split shares.
“We are pleased to return
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 49 consecutive years and delivered underwriting profits for 28 consecutive years. To learn more about RLI, visit www.rlicorp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107569404/en/
Aaron Diefenthaler
Chief Investment Officer & Treasurer
309-693-5846
Aaron.Diefenthaler@rlicorp.com
Source: RLI Corp.
FAQ
When will RLI's special dividend of $4.00 per share be paid?
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