Old National Bancorp Announces Quarterly Dividends

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) announced a quarterly cash dividend of $0.14 per share on common stock, payable on December 15, 2022, to shareholders of record by December 1, 2022. Additionally, a dividend of $17.50 per share has been declared on the fixed-rate perpetual preferred stock (Series A and C), payable on February 20, 2023, to shareholders of record by February 5, 2023. With approximately $46 billion in assets, Old National ranks among the top 35 U.S. banking companies and has been recognized as a World’s Most Ethical Company.

Positive

• Quarterly cash dividend of $0.14 per share demonstrates consistent returns for shareholders.
• Dividend on preferred stock reinforces commitment to shareholder value.
• Recognition as a World’s Most Ethical Company may bolster brand reputation and investor confidence.

Negative

• None.

EVANSVILLE, Ind., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on its outstanding shares of common stock. This quarterly cash dividend will be payable on December 15, 2022, to shareholders of record as of the close of business on December 1, 2022.

In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40^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 February 20, 2023, to shareholders of record as of the close of business on February 5, 2023.

About Old National

Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the sixth largest commercial bank headquartered in the Midwest. With approximately $46 billion of assets and $27 billion of assets under management, Old National 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 eleven consecutive years.  Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients and in the communities it serves. 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.

CONTACTS:

Media: Kathy Schoettlin	Investors: Lynell Walton
(812) 465-7269	(812) 464-1366
Kathy.Schoettlin@oldnational.com	Lynell.Walton@oldnational.com

FAQ

What is the dividend amount Old National Bancorp is paying in December 2022?

Old National Bancorp is paying a quarterly cash dividend of $0.14 per share on its common stock in December 2022.

When will Old National Bancorp's dividend be paid?

The quarterly cash dividend will be payable on December 15, 2022, to shareholders of record as of December 1, 2022.

What is the dividend amount for Old National's preferred stock?

The dividend for the preferred stock (Series A and C) is $17.50 per share, payable on February 20, 2023.

What are the record dates for Old National Bancorp's dividends?

The record date for the common stock dividend is December 1, 2022, and for the preferred stock dividend, it is February 5, 2023.

Is Old National Bancorp's dividend sustainable?

While the press release does not address sustainability, the consistent payment of dividends over time may suggest a stable financial position.