RLI Corp. (RLI) Declares $2.00 Special Dividend; 3.3% Yield

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Go back to RLI Corp. (RLI) Declares $2.00 Special Dividend; 3.3% Yield

RLI Declares Regular and Special Dividend

November 12, 2015 4:00 PM EST

PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) RLI Corp. announced today its board of directors has declared an extraordinary cash dividend of $2.00 per share of common stock, which is expected to total approximately $87 million, and a regular quarterly cash dividend of $0.19 per share, unchanged from the prior quarter. Both dividends are payable on December 22, 2015, to shareholders of record as of November 30, 2015.

RLI continues to distinguish itself with outstanding financial results driven by underwriting discipline. Todays special dividend demonstrates a continuation of disciplined capital management as well,... More