Old National Bancorp Announces Quarterly Dividends

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share on common stock, payable on September 15, 2022, to shareholders of record by close of business on September 1, 2022.

Additionally, a dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock (Series A and C) has been announced, set for November 20, 2022, to shareholders of record as of November 5, 2022.

Positive

• Quarterly cash dividend of $0.14 per share reflects company confidence.
• Preferred stock dividend of $17.50 per share supports preferred shareholders.

Negative

• None.

News Market Reaction – ONB

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-0.06% News Effect

On the day this news was published, ONB declined 0.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

EVANSVILLE, Ind., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on its outstanding shares of common stock. This quarterly cash dividend will be payable on September 15, 2022, to shareholders of record as of the close of business on September 1, 2022.

In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40^th interest per share) on Old National’s 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: ONBPP) and Series C (NASDAQ: ONBPO). The dividends are payable on November 20, 2022, to shareholders of record as of the close of business on November 5, 2022.

About Old National

Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the sixth largest commercial bank headquartered in the Midwest. With approximately $46 billion of assets and $28 billion of assets under management, Old National ranks among the top 35 banking companies based in the U.S. and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for eleven consecutive years.  Since its founding in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients and in the communities it serves. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investment, and capital market services. For more information and financial data, please visit Investor Relations at oldnational.com.

Media: Kathy Schoettlin (812) 465-7269
Investors: Lynell Walton (812) 464-1366

FAQ

What is the dividend amount declared by Old National Bancorp?

Old National Bancorp declared a dividend of $0.14 per share on its common stock.

When is the dividend payable for Old National Bancorp's common stock?

The dividend is payable on September 15, 2022, to shareholders of record as of September 1, 2022.

What is the dividend for the preferred stock of Old National Bancorp?

The dividend for the preferred stock is $17.50 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on November 20, 2022, to shareholders of record as of November 5, 2022.