RLI Increases Regular Dividend for 49th Consecutive Year

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has announced a $0.02 increase in its regular cash dividend, marking the 49th consecutive year of dividend increases. The dividend of $0.29 per share is payable on June 20, 2024, to shareholders of record as of May 31, 2024. With a dividend yield of 0.81% based on the indicated annual dividend of $1.16 and yesterday's closing stock price of $143.25, RLI continues its long-standing tradition of dividend growth.

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 $0.29 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024.

RLI has increased dividends in each of the last 49 years. The company’s dividend yield would be 0.81% based on the $1.16 indicated annual dividend and yesterday’s closing stock price of $143.25.

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.

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Aaron Diefenthaler

Chief Investment Officer & Treasurer

309-693-5846

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What is the dividend increase announced by RLI Corp.?

RLI Corp. announced a $0.02 increase in its regular cash dividend.

When is the dividend payable to shareholders?

The dividend is payable on June 20, 2024.

What is the dividend yield for RLI Corp.?

The dividend yield would be 0.81% based on the indicated annual dividend of $1.16 and yesterday's closing stock price of $143.25.

How many years has RLI Corp. increased dividends consecutively?

RLI Corp. has increased dividends in each of the last 49 years.