dividend
confidence high
sentiment positive
materiality 0.70
RLI Corp. declares $2.00 special dividend plus $0.27 quarterly dividend
RLI CORP
- Special cash dividend of $2.00 per share, totaling ~$91M, plus regular quarterly dividend of $0.27 per share.
- Both dividends payable Dec 20, 2023 to shareholders of record Nov 30, 2023.
- CEO highlights ability to return $91M while retiring $150M in senior debt amid high catastrophe activity.
- RLI has paid and increased regular dividends for 48 consecutive years.