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 December 15, 2020, to shareholders of record on December 1, 2020. The ex-dividend date is November 30, 2020. Based on the closing price of $13.67 on October 28, 2020, this dividend reflects an annualized yield of 4.1%. Old National, headquartered in Indiana, is the largest bank holding company in the state with $22.5 billion in assets.

Positive

• Quarterly cash dividend of $0.14 per share.
• Annualized dividend yield of 4.1%.
• Company recognized as a World’s Most Ethical Company for nine consecutive years.

Negative

• None.

EVANSVILLE, Ind., Oct. 29, 2020 (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 December 15, 2020, to shareholders of record on December 1, 2020. For purposes of broker trading, the ex-date of the cash dividend is November 30, 2020. Based on Old National’s closing price of $13.67 on October 28, 2020, the quarterly dividend represents an annualized dividend yield of 4.1%.

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 $22.5 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 nine 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 ONB?

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

When is the dividend payment date for ONB?

The dividend is payable on December 15, 2020.

What is the ex-dividend date for ONB's dividend?

The ex-dividend date is November 30, 2020.

What is the annualized dividend yield for ONB?

The annualized dividend yield is 4.1% based on the closing price of $13.67.