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NEW YORK (

TheStreet

) -- The ex-dividend date for

RLI Corporation

(NYSE:

RLI

) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $58.42 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for RLI has been 176,300 shares per day over the past 30 days. RLI has a market cap of $1.2 billion and is part of the

financial

sector and

insurance

TheStreet Recommends

industry. Shares are up 10.9% year to date as of the close of trading on Tuesday.

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 9.8, below the average insurance industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 23.2.

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

RLI Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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