Old National Bancorp Announces Quarterly Dividends

Rhea-AI Summary

Old National Bancorp declares quarterly cash dividends on common stock and preferred stock.

Positive

• Old National Bancorp has declared a quarterly cash dividend of $0.14 per share on its common stock. The dividend will be payable on June 15, 2023. The company has also declared a quarterly cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C. The dividends on the preferred stock are payable on August 20, 2023.

Negative

• None.

EVANSVILLE, Ind., May 10, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp (the “Company” or “Old National”) (NASDAQ: ONB) 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 June 15, 2023, to shareholders of record as of the close of business on June 1, 2023.

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 August 20, 2023, to shareholders of record as of the close of business on August 5, 2023.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank, which is the sixth largest commercial bank headquartered in the Midwest. With approximately $48 billion of assets and $28 billion of assets under management, Old National ranks among the top 35 banking companies headquartered in the U.S. Tracing our roots to 1834, 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.

Investor Relations:
Lynell Walton
(812) 464-1366
lynell.walton@oldnational.com

Media Relations:
Kathy Schoettlin
(812) 465-7269
kathy.schoettlin@oldnational.com

FAQ

What is the dividend amount declared on the common stock?

The dividend amount declared on the common stock is $0.14 per share.

When will the dividend on the common stock be payable?

The dividend on the common stock will be payable on June 15, 2023.

What is the dividend amount declared on the preferred stock?

The dividend amount declared on the preferred stock is $17.50 per share.

When will the dividend on the preferred stock be payable?

The dividend on the preferred stock will be payable on August 20, 2023.