RLI Corp. (RLI) Declares $0.22 Quarterly Dividend; 1.2% Yield

RLI Corp. (NYSE: RLI) declared a quarterly dividend of $0.22 per share, or $0.88 annualized.

The dividend will be payable on December 27, 2018, to stockholders of record on November 30, 2018, with an ex-dividend date of November 29, 2018.

The annual yield on the dividend is 1.2 percent.

“RLI has experienced strong momentum in 2018, as evidenced by growth across our product portfolio,” said RLI Chairman & CEO Jonathan E. Michael. “Our strategy has always emphasized putting our capital to work to support profitable underwriting initiatives first, and that’s exactly what we have accomplished. In 2018, we experienced higher-than-average catastrophe losses. With the addition of Hurricane Michael, our year-to-date pre-tax net catastrophe losses are expected to be in the range of $40 to $45 million. Despite these catastrophes, we are pleased to be able to continue rewarding shareholders with a special dividend derived from our strong earnings and book value growth.”

For a dividend history and other dividend-related data on RLI Corp. (RLI) click here.

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