RLI Corp. (RLI) to Issue Quarterly Dividend of $0.16 on March 16th

RLI Corp. (NYSE:RLI) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.16 per share by the insurance provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, March 2nd.

RLI has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 51 consecutive years. RLI has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect RLI to earn $3.10 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 20.6%.

RLI Stock Up 0.6%

RLI opened at $60.81 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.32 and a quick ratio of 0.35. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 13.95 and a beta of 0.53. The business has a 50-day moving average of $61.55 and a two-hundred day moving average of $63.29. RLI has a 12 month low of $55.80 and a 12 month high of $81.79.

RLI (NYSE:RLI) last announced its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.18. RLI had a net margin of 21.43% and a return on equity of 18.67%. The business had revenue of $465.69 million for the quarter, compared to analyst estimates of $447.53 million. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts expect that RLI will post 3.08 earnings per share for the current year.

RLI Company Profile

RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.

Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.