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NEW YORK ( TheStreet) -- The ex-dividend date for RLI Corporation (NYSE: RLI) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $71.62 as of 10:05 a.m. ET, the dividend yield is 1.7%. The average volume for RLI has been 112,200 shares per day over the past 30 days. RLI has a market cap of $1.56 billion and is part of the financial sector and insurance industry. Shares are down 2.4% 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 12.7, above the average insurance industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7.