Old National Bancorp Announces Quarterly Dividends

Rhea-AI Summary

Old National Bancorp has declared its quarterly dividends. The company will pay a cash dividend of $0.14 per share on common stock, payable December 16, 2024, to shareholders of record as of December 5, 2024. Additionally, a quarterly dividend of $17.50 per share was declared on its Series A and Series C Preferred Stock, payable February 20, 2025, to shareholders of record as of February 5, 2025. Old National, the sixth largest commercial bank in the Midwest, manages approximately $54 billion in assets and $31 billion in assets under management, ranking among the top 30 U.S. banking companies.

Positive

• Maintains consistent dividend payments, showing financial stability
• Substantial asset base of $54 billion
• Strong asset management portfolio of $31 billion
• Ranks among top 30 U.S. banking companies

Negative

• None.

News Market Reaction – ONB

-1.76%

1 alert

-1.76% News Effect

On the day this news was published, ONB declined 1.76%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- 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 December 16, 2024, to shareholders of record as of the close of business on December 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 February 20, 2025, to shareholders of record as of the close of business on February 5, 2025.

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 $54 billion of assets and $31 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:
Rick Vach
(904) 535-9489
rick.vach@oldnational.com

FAQ

What is Old National Bancorp's (ONB) latest quarterly dividend per share?

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

When is ONB's next dividend payment date?

The common stock dividend will be paid on December 16, 2024, to shareholders of record as of December 5, 2024.

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

ONB declared a quarterly dividend of $17.50 per share on its Series A and Series C Preferred Stock, equivalent to $0.4375 per depositary share.

How much assets does Old National Bancorp (ONB) manage?

Old National manages approximately $54 billion in assets and $31 billion in assets under management.