RLI Corp. (RLI) To Go Ex-Dividend on May 29th

RLI Corp. (NYSE:RLI) declared a quarterly dividend on Friday, May 15th. Investors of record on Friday, May 29th will be given a dividend of 0.18 per share by the insurance provider on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 29th. This is a 12.5% increase from RLI’s previous quarterly dividend of $0.16.

RLI has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 51 consecutive years. RLI has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RLI to earn $2.69 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 23.8%.

RLI Stock Up 2.0%

NYSE:RLI opened at $50.88 on Friday. The business’s 50-day moving average price is $56.32 and its 200 day moving average price is $59.86. The firm has a market cap of $4.68 billion, a P/E ratio of 11.89 and a beta of 0.42. RLI has a 52-week low of $47.26 and a 52-week high of $77.24.

RLI (NYSE:RLI) last released its earnings results on Wednesday, April 22nd. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.10. The firm had revenue of $423.87 million for the quarter, compared to analyst estimates of $564.47 million. RLI had a return on equity of 17.72% and a net margin of 20.81%.RLI’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. Sell-side analysts expect that RLI will post 2.7 EPS for the current year.

RLI News Summary

Here are the key news stories impacting RLI this week:

• Positive Sentiment: RLI announced a $2.00 special dividend, boosting near-term shareholder returns and reinforcing its capital strength. RLI Boosts Shareholder Value With Dividends, Approves Buyback Program
• Positive Sentiment: The board raised the quarterly dividend by 12.5% to $0.18 per share, which should support investor sentiment around ongoing cash generation. RLI Declares Regular and Special Dividends and Authorizes New $250 Million Share Repurchase Program
• Positive Sentiment: RLI also authorized a new $250 million share buyback program, which could support earnings per share and reduce share count over time. RLI Boosts Dividend and Authorizes New Share Repurchase
• Neutral Sentiment: Zacks Research modestly increased its Q4 2027 EPS estimate to $0.62, suggesting only a slight improvement in long-term expectations. RLI stock page
• Neutral Sentiment: The same firm cut its Q4 2026 EPS estimate to $0.64 and lowered FY2027 EPS to $2.66, indicating some caution on medium-term earnings growth. RLI stock page
• Neutral Sentiment: Brokerage sentiment remains largely unchanged, with analysts maintaining an overall “Hold” view on the stock. RLI Corp. (NYSE:RLI) Given Average Recommendation of “Hold” by Brokerages

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.