Old National Bancorp Announces Quarterly Dividends

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) declares a quarterly cash dividend of $0.14 per share on common stock and $17.50 per share on preferred stock. The dividends are payable on December 15, 2023, and February 20, 2024, respectively. This announcement indicates the company's commitment to rewarding shareholders and providing consistent returns.

EVANSVILLE, Ind., Nov. 15, 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 December 15, 2023, to shareholders of record as of the close of business on December 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 February 20, 2024, to shareholders of record as of the close of business on February 5, 2024.

ABOUT OLD NATIONAL
Old National Bancorp is the holding company of Old National Bank, which is the sixth largest commercial bank headquartered in the Midwest. With approximately $49 billion of assets and $28 billion of assets under management, Old National ranks among the top 30 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 Durchholz
(812) 464-1366
lynell.durchholz@oldnational.com

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

FAQ

What is the dividend amount declared by Old National Bancorp?

Old National Bancorp declared a quarterly cash dividend of $0.14 per share on common stock and $17.50 per share on preferred stock.

When are the dividends payable?

The dividends on common stock are payable on December 15, 2023, and the dividends on preferred stock are payable on February 20, 2024.

What is the ticker symbol for Old National Bancorp?

The ticker symbol for Old National Bancorp is ONB.