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RLI Corp. (RLI) will raise its quarterly dividend to $0.21 per share.

The dividend is payable on June 20, 2017, to shareholders of record as of May 31, 2017.

RLI has paid dividends for 164 consecutive quarters and increased dividends in each of the last 42 years.

The company's dividend yield would be 1.48% based on the $0.84 indicated annual dividend and yesterday's closing stock price of $56.59.

RLI Corp. is a specialty insurer serving diverse, niche property, casualty and surety markets. RLI's products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.