RLI Corp. (NYSE:RLI) Stock to Pay Special Dividend of $3.00

RLI Corp. (NYSE:RLI) announced a special dividend on Wednesday, November 11th. Stockholders of record on Monday, November 30th will be paid a dividend of $3.00 per share by the insurance provider on Monday, December 7th. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend is Monday, November 30th.

RLI has increased its dividend 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 dividend payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RLI to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 25.4%.

RLI Stock Performance

RLI stock opened at $68.67 on Thursday. The company has a 50 day moving average price of $61.26 and a 200-day moving average price of $59.07. The company has a market capitalization of $6.30 billion, a PE ratio of 16.01 and a beta of 0.31. RLI has a fifty-two week low of $47.26 and a fifty-two week high of $71.89.

RLI (NYSE:RLI) last issued its quarterly earnings data on Monday, October 19th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.32. The company had revenue of $476.96 million for the quarter, compared to analyst estimates of $533.51 million. RLI had a net margin of 20.34% and a return on equity of 18.19%. During the same period last year, the company posted $0.83 earnings per share. On average, analysts forecast that RLI will post 3.21 earnings per share for the current year.

Top RLI Stories

Here are a few of the latest stories about RLI:

• Positive Sentiment: RLI declared a $3.00-per-share special dividend, payable Dec. 7 to shareholders of record Nov. 30. The company also maintained its regular quarterly dividend at $0.18 per share, payable on the same date. The large special distribution is a notable return of capital to shareholders. Special dividend announcement Quarterly dividend announcement
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $3.19 from $2.84, and increased its FY2027 and FY2028 forecasts modestly, signaling a more favorable view of earnings in several periods. Zacks Research estimate update
• Neutral Sentiment: Director Robert P. Restrepo notified RLI of his intention to retire and resign from the board; the report provided no further details on the departure or its expected impact. Director retirement announcement

About RLI

RLI Corp. is a specialty insurance company that provides property, casualty and surety coverage through its subsidiaries. Its products serve businesses and individuals whose insurance needs may require specialized underwriting. The company offers commercial liability and property insurance, personal umbrella coverage, and surety bonds, among other products. RLI distributes its policies primarily through independent agents and brokers and serves customers across the United States. Founded in 1965, RLI began by providing replacement-cost coverage for mobile homes before expanding into a broader range of specialty insurance markets.