RLI Declares Regular Dividend
PEORIA, Ill.--(BUSINESS WIRE)--Feb 7, 2019--RLI Corp. (NYSE: RLI) – The RLI Corp. board of directors has declared a first quarter regular cash dividend of $0.22 per share, unchanged from the prior quarter. The dividend is payable on March 20, 2019, to shareholders of record as of February 28, 2019.
RLI has paid dividends for 171 consecutive quarters and increased dividends in each of the last 43 years.
The company’s dividend yield would be 1.31% based on the $0.88 indicated annual dividend and yesterday’s closing stock price of $67.40.
RLI Corp. (NYSE: RLI) is a specialty insurer serving diverse, 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 A.M. Best Company. To learn more about RLI, visit www.rlicorp.com.
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CONTACT: MEDIA CONTACT
Vice President, Corporate Development
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE OTHER PROFESSIONAL SERVICES
SOURCE: RLI Corp.
Copyright Business Wire 2019.
PUB: 02/07/2019 04:10 PM/DISC: 02/07/2019 04:10 PM