Old National Bancorp announces quarterly cash dividend

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share, payable on September 15, 2020, to shareholders recorded by September 1, 2020. The ex-dividend date is August 31, 2020. This dividend yields 3.9% based on the closing price of $14.29 on July 29, 2020.

Old National Bancorp, headquartered in Indiana, ranks among the top 100 U.S. banking companies with assets of $22.1 billion and has been recognized as one of the World’s Most Ethical Companies for nine consecutive years.

Positive

• Quarterly cash dividend of $0.14 per share indicates strong shareholder return.
• Annualized dividend yield of 3.9% based on recent closing price.
• Company recognized as one of the World’s Most Ethical Companies.

Negative

• None.

EVANSVILLE, Ind., July 30, 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 September 15, 2020, to shareholders of record on September 1, 2020. For purposes of broker trading, the ex-date of the cash dividend is August 31, 2020. Based on Old National’s closing price of $14.29 on July 29, 2020, the quarterly dividend represents an annualized dividend yield of 3.9%.

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 $22.1 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, Wisconsin and Minnesota. 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 Old National Bancorp?

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

When is the dividend payable for Old National Bancorp?

The dividend is payable on September 15, 2020.

What is the ex-dividend date for Old National Bancorp's dividend?

The ex-dividend date is August 31, 2020.

What is the annualized dividend yield for Old National Bancorp?

The annualized dividend yield is 3.9% based on a closing price of $14.29.