NEW YORK (
) -- The ex-dividend date for
) is Monday, November 28, 2011. Owners of shares as of market close today will be eligible for a dividend of $5.30 per share. At a price of $72.36 as of 9:30 a.m. ET, the dividend yield is 1.7%.
The average volume for RLI has been 114,700 shares per day over the past 30 days. RLI has a market cap of $1.51 billion and is part of the
industry. Shares are up 36.6% year to date as of the close of trading on Wednesday.
RLI Corp., through its subsidiaries, underwrites property and casualty insurance primarily in the United States. The company operates in three segments: Casualty, Property, and Surety. The company has a P/E ratio of 10.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates RLI as a
. 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, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full