RLI Corp. (RLI) Declares $1.00 Special Dividend; 1.3% Yield

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RLI Declares Regular & Special Dividends; Estimates Hurricane Michael Loss

November 8, 2018 4:05 PM EST

PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) -- RLI Corp. announced today its board of directors has declared a special cash dividend of $1.00 per share of common stock, which is expected to total approximately $45 million, and a regular quarterly cash dividend of $0.22 per share. Both dividends are payable on December 27, 2018, to shareholders of record as of November 30, 2018.

RLI has paid dividends for 170 consecutive quarters and increased regular dividends in each of the last 43... More