RLI Declares Regular Dividend Of $0.27 Per Share & Special Dividend Of $2.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
RLI Corp. has declared a special cash dividend of $2.00 per share and a regular quarterly cash dividend of $0.27 per share, totaling approximately $91 million. The dividends are payable on December 20, 2023, to shareholders of record as of November 30, 2023. The company's ability to return $91 million to shareholders amid a year of unprecedented catastrophe activity and while retiring $150 million in senior debt is a testament to the strength of its business model.
November 08, 2023 | 10:25 pm
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RLI Corp. has declared a special cash dividend of $2.00 per share and a regular quarterly cash dividend of $0.27 per share. This move demonstrates the company's strong business model and ability to deliver positive results to shareholders.
Dividends are a direct return of value to shareholders, and the declaration of a special dividend in addition to the regular dividend indicates strong financial performance and confidence in the company's future. This is likely to be viewed positively by investors and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100