RLI Corp. announces $2.00 special dividend, $250M buyback; shares rise
RLI Corp. (NYSE:RLI) said Thursday that it will pay a $2.00 per share special cash dividend, in addition to raising its regular quarterly dividend to $0.18 per share, and authorized a share repurchase program of up to $250 million. The moves, which the company said reflect confidence in its long-term strategy, coincide with a 4.9% jump in the stock…