RLI Stock To Go Ex-dividend Tuesday (RLI)

NEW YORK (TheStreet) -- The ex-dividend date for RLI Corporation (NYSE:RLI) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $68.56 as of 9:30 a.m. ET, the dividend yield is 1.9%.

The average volume for RLI has been 106,200 shares per day over the past 30 days. RLI has a market cap of $1.44 billion and is part of the financial sector and insurance industry. Shares are down 6.2% year to date as of the close of trading on Thursday.

RLI Corp., through its subsidiaries, underwrites property and casualty insurance primarily in the United States. The company has a P/E ratio of 11.2, above the average insurance industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates RLI as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full RLI Ratings Report.

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