RLI Corp. Declares Quarterly Dividend of $0.16 (NYSE:RLI)

RLI Corp. (NYSE:RLI) declared a quarterly dividend on Thursday, November 13th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date is Friday, November 28th.

RLI has raised its dividend payment by an average of 0.2%per year 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% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.9%

Shares of RLI traded down $0.55 during trading hours on Friday, hitting $62.69. The stock had a trading volume of 118,036 shares, compared to its average volume of 537,106. 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 12-month low of $57.75 and a 12-month high of $91.14. The firm has a market cap of $5.76 billion, a P/E ratio of 16.46 and a beta of 0.61. The company’s fifty day simple moving average is $63.14 and its 200 day simple moving average is $68.41.

RLI (NYSE:RLI) last posted its earnings results on Monday, October 20th. The insurance provider reported $0.83 earnings per share (EPS) 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 business had revenue of $509.26 million during the quarter, compared to analyst estimates of $444.75 million. During the same quarter last year, the firm earned $1.31 earnings per share. Equities research analysts forecast that RLI will post 3.08 EPS for the current fiscal 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.