RLI Corp. (NYSE:RLI) Declares Dividend Increase – $0.18 Per Share

RLI Corp. (NYSE:RLI) announced 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) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 29th. This is a 12.5% increase from RLI’s previous quarterly dividend of $0.16.

RLI has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 51 years. RLI has a payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RLI to earn $2.70 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 23.7%.

RLI Trading Up 4.6%

RLI stock opened at $49.98 on Friday. The firm has a 50 day moving average of $56.55 and a 200 day moving average of $59.92. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 11.68 and a beta of 0.42. RLI has a 12-month low of $47.26 and a 12-month 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 the consensus estimate of $0.73 by $0.10. The company had revenue of $423.87 million during the quarter, compared to analyst estimates of $564.47 million. RLI had a net margin of 20.81% and a return on equity of 17.72%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. On average, analysts predict that RLI will post 2.7 EPS for the current year.

Trending Headlines about RLI

Here are the key news stories impacting RLI this week:

• Positive Sentiment: RLI announced a higher quarterly dividend of $0.18 per share, a 12.5% increase from the prior $0.16 payment, signaling confidence in cash generation and supporting the stock. RLI Corp. dividend announcement
• Positive Sentiment: The company also declared a special cash dividend and authorized a new $250 million share repurchase program, which can boost shareholder returns and help support the share price. RLI declares regular and special dividends and authorizes new $250 million share repurchase program
• Neutral Sentiment: Zacks Research raised its Q4 2027 EPS estimate to $0.62 from $0.60, which modestly improves longer-term earnings expectations but does not meaningfully change the near-term outlook. Zacks Research estimate update
• Neutral Sentiment: Zacks also trimmed its Q4 2026 EPS estimate to $0.64 from $0.66 and lowered FY2027 EPS to $2.66 from $2.70, underscoring that analysts remain cautious overall with a Hold rating. Zacks Research estimate cuts

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.