RLI Corp. (RLI) to Issue Quarterly Dividend of $0.18 on June 12th

RLI Corp. (NYSE:RLI) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, May 29th will be given a dividend of 0.18 per share by the insurance provider on Friday, June 12th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 29th. This is a 12.5% increase from RLI’s previous quarterly dividend of $0.16.

RLI has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 51 consecutive years. RLI has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RLI to earn $2.69 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 26.8%.

RLI Stock Down 0.3%

RLI stock opened at $52.41 on Wednesday. The business has a 50 day moving average price of $55.11 and a two-hundred day moving average price of $59.52. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 12.25 and a beta of 0.42. RLI has a 12 month low of $47.26 and a 12 month high of $77.24.

RLI (NYSE:RLI) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.73 by $0.10. The firm had revenue of $423.87 million during the quarter, compared to analysts’ expectations of $564.47 million. RLI had a return on equity of 17.72% and a net margin of 20.81%.The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, analysts expect that RLI will post 2.7 earnings per share for the current fiscal year.

RLI Company Profile

RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.

Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.