RLI Corp. (NYSE:RLI) – The RLI Corp. board of directors has declared a first quarter regular cash dividend of $0.30 per share, the same amount as the prior quarter. The dividend is payable on March 20, 2012 to shareholders of record as of February 29, 2012.
RLI has paid regular dividends for 143 consecutive quarters and increased regular dividends in each of the last 36 years.
The company’s regular dividend yield would be 1.66%, based on the $1.20 indicated annual dividend and yesterday’s closing stock price of $72.23.
RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country. RLI's insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company – are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. RLI’s newest subsidiary, Contractors Bonding and Insurance Company, is rated A "Excellent" by A.M. Best Company.For additional information, contact Aaron Jacoby, Vice President, Corporate Development at (309) 693-5880 or at email@example.com or visit our website at www.rlicorp.com.
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