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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.