RLI Increases Regular Dividend for 47th Consecutive Year

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has announced a cash dividend of $0.26 per share for Q2 2022, representing a $0.01 increase from the previous quarter. This dividend will be payable on June 21, 2022, to shareholders who are on record by May 31, 2022. RLI has consistently increased dividends for 47 consecutive years, with an annual dividend yield of 0.89% based on a $1.04 annual dividend and a closing stock price of $117.35.

Positive

• RLI announced a cash dividend increase, reflecting strong financial health.
• The company has increased dividends for 47 consecutive years, indicating reliable performance.
• A dividend yield of 0.89% offers attractive returns for shareholders.

Negative

• None.

PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.26 per share, a $0.01 increase over the prior quarter. The dividend is payable on June 21, 2022 to shareholders of record as of May 31, 2022.

RLI has increased dividends in each of the last 47 years. The company’s dividend yield would be 0.89% based on the $1.04 indicated annual dividend and yesterday’s closing stock price of $117.35.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005969/en/

Aaron Diefenthaler

Chief Investment Officer & Treasurer

309-693-5846

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What is the cash dividend amount declared by RLI for Q2 2022?

RLI has declared a cash dividend of $0.26 per share for Q2 2022.

When is the dividend payable to RLI shareholders?

The dividend is payable on June 21, 2022.

What is the record date for receiving the RLI dividend?

The record date for the dividend is May 31, 2022.

How long has RLI been increasing its dividends?

RLI has increased its dividends for 47 consecutive years.

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

The dividend yield for RLI is 0.89% based on the indicated annual dividend of $1.04.