RLI's Board Okays Special Cash Dividend to Share More Profit

Zacks11-09

RLI Corp.’s RLI board of directors approved a special cash dividend of $4.00 per share. This specialty property-casualty insurer has been paying special dividends since 2011. The latest approval marks...

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The latest approval marks...</p>\n\n<a href=\"https://finance.yahoo.com/news/rlis-board-okays-special-cash-161200521.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RLI's Board Okays Special Cash Dividend to Share More Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRLI's Board Okays Special Cash Dividend to Share More Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 00:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rlis-board-okays-special-cash-161200521.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RLI Corp.’s RLI board of directors approved a special cash dividend of $4.00 per share. This specialty property-casualty insurer has been paying special dividends since 2011. The latest approval marks...</p>\n\n<a href=\"https://finance.yahoo.com/news/rlis-board-okays-special-cash-161200521.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/rlis-board-okays-special-cash-161200521.html","article_id":"2482438435","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/aePoY5ZOnV7ub408AqQ4QA--~B/aD00MzM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7c4df663699c823ba05ae4b84ac121f2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482438435","pubTimestamp":1731082320,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"RLI Corp.’s RLI board of directors approved a special cash dividend of $4.00 per share. This specialty property-casualty insurer has been paying special dividends since 2011. The latest approval marks the 15th straight special dividend.RLI expects to pay $183 million as a special dividend. Concurrently, the board of directors announced a regular quarterly cash dividend of 29 cents per share. The special and the quarterly dividends will be paid out on Dec. 20 to shareholders of record as of Nov. 29, 2024.The board also announced a two-for-one stock split. The two-for-one stock split will be distributed out on Jan. 15, 2025, to shareholders of record as of Dec. 31, 2024. Trading of the shares will begin post-split on Jan. 16, 2025. Both the regular and special dividends will be paid on the pre-split shares.Given a solid capital level in the insurance industry and an improving operating backdrop favoring strong operational performance, insurers like Selective Insurance Group, Inc. SIGI, A","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4117":"多元化保险","HIG":"哈特福德金融","BK4107":"财产与意外伤害保险","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","RLI":"RLI保险","BK4588":"碎股","SIGI":"Selective Insurance Group","AFG":"美国金融集团有限公司","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)"},"translate_title":"RLI董事会批准特别现金股息以分享更多利润","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"HIG":1,"RLI":1,"SIGI":1},"content_text":"RLI Corp.’s RLI board of directors approved a special cash dividend of $4.00 per share. This specialty property-casualty insurer has been paying special dividends since 2011. The latest approval marks the 15th straight special dividend.RLI expects to pay $183 million as a special dividend. Concurrently, the board of directors announced a regular quarterly cash dividend of 29 cents per share. The special and the quarterly dividends will be paid out on Dec. 20 to shareholders of record as of Nov. 29, 2024.The board also announced a two-for-one stock split. The two-for-one stock split will be distributed out on Jan. 15, 2025, to shareholders of record as of Dec. 31, 2024. Trading of the shares will begin post-split on Jan. 16, 2025. Both the regular and special dividends will be paid on the pre-split shares.\nRLI’s Impressive Dividend History\nRLI has been paying dividends for 187 consecutive quarters and increased regular dividends in the last 49 straight years. Its dividends witnessed a five-year (2019-2024) CAGR of 8.8%. Based on the stock’s Nov. 7 closing price of $166.34, the new dividend will yield 0.7%, which is better than the industry average of 0.2%.\nFinancial Strength and Capital Management\nThis insurer is one of the industry’s most profitable P&C writers, with an impressive track record of delivering 28 consecutive years of underwriting profitability. This insurer stays focused on maintaining long-term industry-leading combined ratios and book value growth. RLI’s diversified product portfolio, strong local branch-office network, focus on specialty insurance lines growth via organic opportunities and acquisitions and financial strength should continue to help boost shareholders’ returns. The underwriter maintains a solid balance sheet with sufficient liquidity and strong cash flow, helping it meet the interests of its policyholders, enhance operations in the insurance sector and aid growth in its book value for the long term. RLI maintains a conservative underwriting and reserving policy and continues to achieve favorable reserve releases from the prior years. Return on equity, a profitability measure of how efficiently a company utilizes its shareholders' money, was 19.03% in the trailing 12 months, which compared favorably with the industry average of 7.9%.\nZacks Rank and Price Performance\nShares of this Zacks Rank #3 (Hold) property and casualty insurer have gained 25% in the year-to-date period compared with the industry’s return of 30.8%. Superior underwriting discipline and sound capital structure should help shares trend higher. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nImage Source: Zacks Investment Research\nOther Insurers on the Same Path\nGiven a solid capital level in the insurance industry and an improving operating backdrop favoring strong operational performance, insurers like Selective Insurance Group, Inc. SIGI, American Financial Group, Inc. AFG and The Hartford Financial Services Group, Inc. HIG have resorted to effective capital deployment to enhance shareholders’ value.The board of directors of Selective Insurance authorized a 9% increase in the quarterly cash dividend to 38 cents per share in October 2024. Such steadfast endeavors buoy confidence among investors, making it an attractive pick for yield-seeking investors. Its dividend yield of 1.4% appears attractive compared with the industry average of 0.2%.In November 2024, American Financial declared a special cash dividend of $4.00 per share in the third quarter, the aggregate amount of this special dividend will be approximately $335 million. American Financial Group’s 2.3% dividend yield is better than the industry average of 0.2%, making the stock an attractive pick for yield-seeking investors. AFG’s robust operating profitability at the property and casualty segment and effective capital management support shareholder returns.The Hartford Financial Services increased the quarterly common dividend per share by 11% in October 2024. Its capital appreciations, repayment of government funds and measures to de-risk its balance sheet have increased its financial strength. It also has an intelligent capital management strategy, featuring share buybacks and dividend hikes.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Hartford Financial Services Group, Inc. (HIG) : Free Stock Analysis Report\nRLI Corp. (RLI) : Free Stock Analysis Report\nAmerican Financial Group, Inc. (AFG) : Free Stock Analysis Report\nSelective Insurance Group, Inc. (SIGI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482438435"}