Old National Bancorp announces quarterly cash dividend

Rhea-AI Summary

Old National Bancorp has declared a quarterly dividend of $0.14 per share on its common stock, payable on March 15, 2022. Shareholders of record as of March 4, 2022 will receive this dividend, with the ex-date being March 3, 2022. This dividend represents an annualized yield of 3.0% based on its closing price of $18.87 on January 26, 2022. Old National Bancorp, with $24.5 billion in assets, is the largest bank holding company in Indiana and operates in several states, providing extensive banking and wealth management services.

Positive

• Quarterly dividend declared at $0.14 per share, signaling strong shareholder returns.
• Annualized dividend yield of 3.0% demonstrates consistent income for investors.
• Company recognized as a World's Most Ethical Company for ten consecutive years.

Negative

• None.

News Market Reaction – ONB

-2.23%

1 alert

-2.23% News Effect

On the day this news was published, ONB declined 2.23%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

EVANSVILLE, Ind., Jan. 27, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Old National Bancorp (the “Company” or “Old National”) (NASDAQ: ONB) today declared a quarterly cash dividend of $0.14 per share on the Company’s outstanding shares of common stock. The dividend is payable March 15, 2022, to shareholders of record on March 4, 2022. For purposes of broker trading, the ex-date of the cash dividend is March 3, 2022. Based on Old National’s closing price of $18.87 on January 26, 2022, the quarterly dividend represents an annualized dividend yield of 3.0%.

ABOUT OLD NATIONAL

Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana. With $24.5 billion in assets, it ranks among the top 100 banking companies in the U.S. and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for ten consecutive years.  Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships and keeping our clients at the center of all we do. This is an approach to business that we call The ONB Way. Today, Old National’s footprint includes Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. 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 A. Schoettlin (812) 465-7269
Investors: Lynell J. Walton (812) 464-1366

 

FAQ

What is the dividend amount for Old National Bancorp (ONB)?

The dividend amount declared is $0.14 per share.

When is the dividend for ONB payable?

The dividend is payable on March 15, 2022.

What is the ex-dividend date for ONB?

The ex-dividend date is March 3, 2022.

What is the annualized yield of Old National Bancorp's dividend?

The annualized yield is 3.0%, based on the closing price of $18.87.

Who qualifies for the dividend payout from Old National Bancorp?

Shareholders of record as of March 4, 2022, qualify for the dividend payout.