RLI Splits Stock, Ups Dividend
NU Online News Service, Aug. 30, 3:19 p.m. EST?The board of RLI Corp., parent of Peoria, Ill.-based RLI Insurance Company, said it voted yesterday for a two-for-one stock split.
The split will be for shareholders of record as of Sept. 30, payable Oct. 15 and will increase outstanding common shares to 19.9 million, the property-casualty insurance company said.
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