RLI Corp. (RLI) will raise its quarterly dividend by 4.8 percent to $0.22 per share in 2018. This marks the 43rd consecutive year of dividend increases for the specialty insurer.

The dividend is payable on June 20, 2018, to shareholders of record as of May 31, 2018. RLI has paid dividends for 168 consecutive quarters and increased dividends in each of the last 43 years.

The company’s dividend yield would be 1.39% based on the $0.88 indicated annual dividend and yesterday’s closing stock price of $63.20.

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.