Corporate ActionMay 14, 2026, 10:37 AM
RLI Declares Special $2.00 Dividend, Increases Regular Dividend, $250M Buyback
AI Summary
RLI Corp. announced that its Board of Directors approved a special cash dividend of $2.00 per share and increased its regular quarterly dividend to $0.18 per share, marking the 51st consecutive annual increase. Additionally, the Board authorized a new share repurchase program for an aggregate of $250 million of the company's common stock. Both dividends are payable on June 12, 2026, to shareholders of record as of May 29, 2026, reflecting the company's strong business and capital management strategy.
Key Highlights
- RLI Corp. declared a special cash dividend of $2.00 per share.
- A regular quarterly cash dividend of $0.18 per share was declared, a 12.5% increase.
- The Board authorized a new share repurchase program of up to $250 million.
- Both dividends are payable on June 12, 2026, to shareholders of record as of May 29, 2026.
- RLI has increased its regular dividend for 51 consecutive years.