RLI Corp. (RLI) To Go Ex-Dividend on November 28th

RLI Corp. (NYSE:RLI) declared a quarterly dividend on Thursday, November 13th. Investors of record on Friday, November 28th will be paid a dividend of 0.16 per share by the insurance provider on Friday, December 19th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 28th.

RLI has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 51 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 Price Performance

Shares of RLI stock opened at $63.28 on Friday. The firm’s 50 day moving average price is $63.07 and its two-hundred day moving average price is $68.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.35 and a current ratio of 0.35. RLI has a 52-week low of $57.75 and a 52-week high of $91.14. The stock has a market cap of $5.81 billion, a PE ratio of 16.61 and a beta of 0.61.

RLI (NYSE:RLI) last posted its quarterly earnings results on Monday, October 20th. The insurance provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.21. RLI had a return on equity of 16.51% and a net margin of 19.02%.The company had revenue of $509.26 million for the quarter, compared to the consensus estimate of $444.75 million. During the same quarter in the prior year, the business posted $1.31 EPS. As a group, analysts forecast that RLI will post 3.08 EPS for the current year.

RLI Company Profile

RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.