Old National Bancorp Announces Preferred Stock Quarterly Cash Dividend

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) announced a quarterly cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C. The dividend, equivalent to $0.4375 per depositary share, is payable on May 20, 2022 to stockholders of record by May 5, 2022. This reflects the company's continued commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $17.50 per share indicates strong shareholder returns.
• Recognition as a World’s Most Ethical Company for 11 consecutive years enhances company reputation.

Negative

• None.

EVANSVILLE, Ind., March 23, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) today announced that its 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 May 20, 2022, to stockholders of record as of the close of business on May 5, 2022.

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 more than $46 billion of assets and $34 billion of assets under management, it 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 11 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. Today, Old National’s footprint includes Illinois, Indiana, Iowa, 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: Maurissa Kanter (708) 831-7345
Investors: Lynell Walton (812) 464-1366

FAQ

What is the dividend amount declared by Old National Bancorp?

Old National Bancorp declared a quarterly cash dividend of $17.50 per share.

When is the dividend payable to shareholders?

The dividend is payable on May 20, 2022.

What is the record date for the dividend?

The record date for the dividend is May 5, 2022.

What type of stocks are receiving this dividend?

The dividend applies to the 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C.