PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE:RLI) – The RLI Corp. board of directors has declared a third quarter regular cash dividend of $0.18 per share, the same amount as the prior quarter. The dividend is payable on September 19, 2014, to shareholders of record as of August 29, 2014.
RLI has paid dividends for 153 consecutive quarters and increased dividends in each of the last 39 years.
The company’s dividend yield would be 1.63%, based on the $0.72 indicated annual dividend and yesterday’s closing stock price of $44.08.
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, RLI Indemnity Company and Contractors Bonding and Insurance Company – are rated A+ "Superior" by A.M. Best Company.