Old National Bancorp Announces Quarterly Dividends

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share on its common stock, payable on June 15, 2022, to shareholders of record by June 1, 2022. Additionally, a cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, will be paid on August 20, 2022, to shareholders of record by August 5, 2022. Old National ranks among the top 35 U.S. banking companies, with approximately $46 billion in assets.

Positive

• Quarterly cash dividend of $0.14 per share declared.
• Quarterly preferred stock dividend of $17.50 per share announced.

Negative

• None.

News Market Reaction

-1.85%

1 alert

-1.85% News Effect

On the day this news was published, ONB declined 1.85%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

EVANSVILLE, Ind., May 18, 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 June 15, 2022 to shareholders of record as of the close of business on June 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 August 20, 2022, to shareholders of record as of the close of business on August 5, 2022.

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 $31 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.  Since its founding in 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.

Media: Kathy Schoettlin (812) 465-7269
Investors: Lynell Walton (812) 464-1366

FAQ

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

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

When is the dividend payable for Old National Bancorp's common stock?

The dividend is payable on June 15, 2022.

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

The quarterly cash dividend for Series A and C preferred stock is $17.50 per share.

When is the preferred stock dividend payable?

The preferred stock dividend is payable on August 20, 2022.

What is the record date for Old National Bancorp's dividends?

The record date for the common stock dividend is June 1, 2022, and for the preferred stock dividend, it is August 5, 2022.