Attached files
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8-K - 8-K - RLI CORP | a14-18802_18k.htm |
Exhibit 99.1
NEWS RELEASE
9025 N. Lindbergh Drive | Peoria, IL 61615-1431 | |
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P: 309-692-1000 | F: 309-692-1068 | www.rlicorp.com |
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FOR IMMEDIATE RELEASE |
CONTACT: Aaron Jacoby |
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(309) 693-5880 |
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Aaron.Jacoby@rlicorp.com |
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www.rlicorp.com |
RLI Declares Dividend
PEORIA, ILLINOIS, August 13, 2014, RLI Corp. (NYSE:RLI) The RLI Corp. board of directors has declared a third quarter regular cash dividend of $0.18 per share, the same amount as the prior quarter. The dividend is payable on September 19, 2014, to shareholders of record as of August 29, 2014.
RLI has paid dividends for 153 consecutive quarters and increased dividends in each of the last 39 years.
The companys dividend yield would be 1.63%, based on the $0.72 indicated annual dividend and yesterdays closing stock price of $44.08.
RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country. RLIs insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company are rated A+ Superior by A.M. Best Company.
For additional information, contact Aaron Jacoby, Vice President, Corporate Development at (309) 693-5880 or at aaron.jacoby@rlicorp.com or visit our website at www.rlicorp.com.
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