Old National Bancorp announces quarterly cash dividend

Rhea-AI Summary

The Board of Directors of Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share, payable on June 15, 2021, to shareholders of record by June 1, 2021. The ex-dividend date is set for May 28, 2021. Based on the closing price of $19.11 on April 28, 2021, this dividend represents an annualized yield of 2.9%. Old National is recognized as a top 100 banking company in the U.S. with $23.7 billion in assets, emphasizing community banking across several states.

Positive

• Quarterly cash dividend of $0.14 per share announced.
• Annualized dividend yield of 2.9%, enhancing shareholder income.
• Company recognized as one of the top 100 U.S. banking companies.

Negative

• None.

EVANSVILLE, Ind., April 29, 2021 (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 June 15, 2021, to shareholders of record on June 1, 2021. For purposes of broker trading, the ex-date of the cash dividend is May 28, 2021. Based on Old National’s closing price of $19.11 on April 28, 2021, the quarterly dividend represents an annualized dividend yield of 2.9%.

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 $23.7 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 declared by Old National Bancorp?

Old National Bancorp has declared a quarterly cash dividend of $0.14 per share.

When is the dividend payable to shareholders?

The dividend is payable on June 15, 2021.

What is the ex-dividend date for Old National Bancorp's dividend?

The ex-dividend date is May 28, 2021.

What annualized dividend yield does Old National's dividend represent?

The dividend represents an annualized yield of 2.9% based on a closing price of $19.11.

How does Old National Bancorp rank among U.S. banking companies?

Old National is ranked among the top 100 banking companies in the U.S.