RLI Corp. (NYSE:RLI) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.24 per share is scheduled to be paid on December 18, 2020. The dividend yield based on the latest trading day closing price was 0.94 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 27, 2020.
Dividends History
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RLI Corp. recently reported third quarter financial results on October 21, 2020, after market close, the Peoria based company communicated income for the third quarter of $ 0.42 per share, from the revenue of $ 235.05 million. The quarterly earnings lowered 26.32 percent while revenues raised 6.50 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.17 per share from $ 227.55 million in revenue. The bottom line results beat street analysts by $ 0.25 or 147.06 percent, at the same time, top line results outshined analysts by $ 7.50 million or 3.30 percent.
Stock Performance
Shares of RLI Corp. traded up $ 0.40 or 0.39 percent on Thursday, reaching $ 102.43 with volume of 87.50 thousand shares. RLI Corp. has traded high as $ 102.58 and has cracked $ 99.63 on the downward trend
According to the previous trading day, closing price of $ 102.43, representing a 54.54 % increase from the 52 week low of $ 66.02 and a 3.17 % decrease over the 52 week high of $ 105.37.
The company has a market capital of $ 4.62 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. This segment also offers coverages for security guards and in the areas of onshore energy-related businesses and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages focuses on providing errors and omission coverage to small to medium-sized design, technical, computer, and miscellaneous professionals.
