RLI Corp.'s Board of Directors declared a special cash dividend of $2.00 per share, which is payable on December 20, 2024. This dividend will be distributed to shareholders of record as of December 13, 2024, reflecting the company's commitment to returning value to its investors.
In addition to the special dividend, the Board authorized a two-for-one forward stock split of its common stock. This stock split is scheduled to become effective on January 15, 2025, for shareholders of record as of December 31, 2024.
Trading in the company's common stock on a split-adjusted basis is expected to commence on January 16, 2025. This action aims to increase the accessibility of RLI shares to a broader investor base and enhance liquidity.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.