RLI Corp. (NYSE:RLI) – The RLI Corp. board of directors has declared a
first quarter regular cash dividend of $0.30 per share, the same amount
as the prior quarter. The dividend is payable on March 20, 2012 to
shareholders of record as of February 29, 2012.
RLI has paid regular dividends for 143 consecutive quarters and
increased regular dividends in each of the last 36 years.
The company’s regular dividend yield would be 1.66%, based on the $1.20
indicated annual dividend and yesterday’s closing stock price of $72.23.
RLI, a specialty insurance company, offers a diversified portfolio of
property and casualty coverages and surety bonds serving niche or
underserved markets. RLI operates in all 50 states from office locations
across the country. RLI's insurance subsidiaries – RLI Insurance
Company, Mt. Hawley Insurance Company and RLI Indemnity Company – are
rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard &
Poor's. RLI’s newest subsidiary, Contractors Bonding and Insurance
Company, is rated A "Excellent" by A.M. Best Company.
For additional information, contact Aaron Jacoby, Vice President,
Corporate Development at (309) 693-5880 or at aaron.jacoby@rlicorp.com
or visit our website at www.rlicorp.com.
