Rli Corp 8-K, filed May 4, 2023
Rli Corp (RLI)
About this 8-K
Rli Corp filed this 8-K on May 4, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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The Securities Exchange Act of 1934
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Item 8.01 Other Events.
On May 4, 2023, RLI announced that its Board of Directors approved a quarterly dividend on its common stock of $0.27 per share. The dividend is payable on June 20, 2023 to shareholders of records as of May 31, 2023.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description |
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99.1 | | |
| | This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RLI CORP. | |
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Date: May 4, 2023 | By: | /s/ Jeffrey D. Fick |
| | Jeffrey D. Fick |
| Chief Legal Officer & Corporate Secretary | |
Exhibit 99.1
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RLI INCREASES REGULAR DIVIDEND FOR 48TH CONSECUTIVE YEAR
PEORIA, ILLINOIS, May 4, 2023 -- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.27 per share, a $0.01 increase over the prior quarter. The dividend is payable on June 20, 2023, to shareholders of record as of May 31, 2023.
RLI has increased dividends in each of the last 48 years. The company’s dividend yield would be 0.77% based on the $1.08 indicated annual dividend and yesterday’s closing stock price of $139.48.
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by AM Best Company. RLI has paid and increased regular dividends for 48 consecutive years and delivered underwriting profits for 27 consecutive years. To learn more about RLI, visit www.rlicorp.com.
MEDIA CONTACT
Aaron Diefenthaler
Chief Investment Officer & Treasurer
309-693-5846
Aaron.Diefenthaler@rlicorp.com
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