As per RLI Corp. (NYSE:RLI)’s news release on 2016-08-11, its shareholders will get cash dividend of $0.2 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-31 and 2016-09-19, respectively.
The stock will commence trading ex-dividend from 2016-08-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year RLI Corp. (NYSE:RLI) disbursed $0.2 in dividend compared to distribution of $0.2, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -25.876%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated RLI Corp. (NYSE:RLI) to attain a price target of $56. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $58. The low price range is set at $55 for next year while the arithmetic mean is seen at 3.
Eyeing Earnings RLI Corp. (NYSE:RLI) is likely to post quarterly numbers around 2016-10-17 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.67 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, RLI Corp. (NYSE:RLI) earnings came at $0.61 suggesting a deviation of $-0.02. The brokerages targeted EPS of $0.63 for the quarter.
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