RLI Corp. RLI – RLI Corp. announced today that its board of
directors has declared an extraordinary cash dividend of $3.00 per share
of common stock, which is expected to total approximately $65 million,
and a regular quarterly cash dividend of $0.34 per share, unchanged from
the prior quarter. In addition, the board announced a two-for-one stock
split.
Both dividends are payable on December 20, 2013, to shareholders of
record as of November 29, 2013. The two-for-one stock split is for
shareholders of record as of December 30, 2013, and will be payable on
January 15, 2014. Both the regular and special dividends will be paid on
the pre-split shares.
See full press release
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