RLI Increases Quarterly Dividend From $0.27 To $0.29 Per Share
Portfolio Pulse from Benzinga Newsdesk
RLI Corp. (NYSE:RLI) has increased its quarterly dividend from $0.27 to $0.29 per share, marking the 49th consecutive year of dividend increases. The new dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024. The dividend yield based on the new annual rate and the recent closing price is 0.81%.
May 02, 2024 | 4:04 pm
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POSITIVE IMPACT
RLI Corp. has raised its quarterly dividend to $0.29 per share, showcasing a strong commitment to returning value to shareholders. This increase contributes to a 49-year history of dividend growth.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. RLI's consistent history of dividend growth over 49 years further reinforces this positive outlook. The increase from $0.27 to $0.29 per share represents a commitment to shareholder value, which could lead to increased investor interest and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100