RLI Corp. (RLI) will hike its dividend by 4% to 26 cents quarterly. This marks 47 straight years of dividend growth. The dividend yield for RLI is 0.9% at a stock price of $115. The company also paid a $2.00 per share special dividend in 2021.

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. RLI’s history dates to the early 1960s, when Founder Gerald D. Stephens, recognized the expense of replacing contact lenses, and founded RLI — Replacement Lens, Inc. — a contact lens insurance agency. In 1965, he acquired the holding company that would later become RLI Corp.