Rli Corp 8-K, filed May 7, 2020
Rli Corp (RLI)
About this 8-K
Rli Corp filed this 8-K on May 7, 2020.
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
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 8.01 Other Events.
On May 7, 2020, the Company announced that the Board approved a quarterly dividend on its common stock of $0.24 per share. The dividend is payable on June 19, 2020, to shareholders of record as of May 29, 2020.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
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99.1 | | Press Release dated May 7, 2020. 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.
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| RLI CORP. | |
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Date: May 7, 2020 | By: | /s/ Jeffrey D. Fick |
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| Jeffrey D. Fick |
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| Sr. Vice President, Chief Legal Officer & Corporate Secretary |
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Exhibit 99.1 |
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RLI INCREASES REGULAR DIVIDEND FOR THE 45TH CONSECUTIVE YEAR
PEORIA, ILLINOIS, May 7, 2020 -- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.24 per share, a $0.01 increase over the prior quarter. The dividend is payable on June 19, 2020, to shareholders of record as of May 29, 2020.
RLI has increased dividends in each of the last 45 years. The company’s dividend yield would be 1.37% based on the $0.96 indicated annual dividend and yesterday’s closing stock price of $70.28.
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 A.M. Best Company. RLI has paid and increased regular dividends for 45 consecutive years and delivered underwriting profits for 24 consecutive years. To learn more about RLI, visit www.rlicorp.com.
MEDIA CONTACT
Aaron Diefenthaler
Vice President, Chief Investment Officer & Treasurer
309-693-5846
Aaron.Diefenthaler@rlicorp.com
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