RLI Declares 128th Consecutive Dividend
02 May 2008 - 7:05AM
Business Wire
RLI Corp. (NYSE:RLI) � The RLI Corp. board of directors has
declared a second quarter cash dividend of $0.25 per share,
reflecting a two cent, or 9%, increase over the previous quarter�s
dividend. The dividend, which is payable on July 15, 2008, to
shareholders of record as of June 30, 2008, will take RLI�s
cumulative return to shareholders to more than $166 million over
128 consecutive quarterly dividends. RLI has paid and increased
dividends in each of the last 33 years. The company�s dividend
yield would be 2.1%, based on the $1.00 indicated annual dividend
and yesterday�s closing stock price of $48.00. RLI is a specialty
insurance company serving �niche� or underserved markets. With a
diverse portfolio of property and casualty coverages and surety
bonds, it has achieved an underwriting profit in 27 of the last 31
years, including the last 12. RLI and 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 operates in all 50 states from office
locations across the country. For additional information, contact
Treasurer John Robison at (309) 693-5846 or at
john_robison@rlicorp.com or visit our website at www.rlicorp.com.
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