Old National Bancorp Announces Quarterly Dividends

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) has announced quarterly dividends for its shareholders. The company's Board of Directors declared a cash dividend of $0.14 per share on common stock, payable on September 16, 2024, to shareholders of record as of September 5, 2024. Additionally, a quarterly cash dividend of $17.50 per share was declared on the company's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, payable on November 20, 2024, to shareholders of record as of November 5, 2024.

Old National Bancorp, with $53 billion in assets and $30 billion in assets under management, ranks among the top 30 banking companies in the United States. The company focuses on building long-term partnerships with clients and supporting communities, offering services in consumer and commercial banking, wealth management, and capital markets.

Positive

• Declared quarterly cash dividend of $0.14 per share on common stock
• Declared quarterly cash dividend of $17.50 per share on preferred stock
• $53 billion in assets and $30 billion in assets under management
• Ranks among top 30 banking companies in the United States
• Named one of 'The Civic 50' by Points of Light in 2024

Negative

• None.

News Market Reaction – ONB

+0.16%

1 alert

+0.16% News Effect

On the day this news was published, ONB gained 0.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

EVANSVILLE, Ind., Aug. 21, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (the “Company” or “Old National”) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company’s outstanding shares of common stock. This quarterly cash dividend will be payable on September 16, 2024, to shareholders of record as of the close of business on September 5, 2024.

In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40th 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, 2024, to shareholders of record as of the close of business on November 5, 2024.

ABOUT OLD NATIONAL

Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $53 billion of assets and $30 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2024, Points of Light named Old National one of "The Civic 50" - an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
lynell.durchholz@oldnational.com

Media Relations:
Kathy Schoettlin
(812) 465-7269
kathy.schoettlin@oldnational.com

FAQ

When will Old National Bancorp (ONB) pay its next common stock dividend?

Old National Bancorp will pay its next common stock dividend of $0.14 per share on September 16, 2024, to shareholders of record as of September 5, 2024.

What is the dividend amount for Old National Bancorp's (ONB) preferred stock?

Old National Bancorp declared a quarterly cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C.

When is the record date for Old National Bancorp's (ONB) preferred stock dividend?

The record date for Old National Bancorp's preferred stock dividend is November 5, 2024, with the dividend payable on November 20, 2024.

What is Old National Bancorp's (ONB) total asset value as of August 2024?

As of August 2024, Old National Bancorp reported approximately $53 billion in assets and $30 billion in assets under management.