Old National Bancorp Declares Quarterly Cash Dividend
Old National Bancorp (NASDAQ: ONB) has announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This dividend reflects the Company's ongoing commitment to return value to its shareholders. The payment is scheduled for a future date, benefitting those shareholders who are recorded as of the close of business prior to the payment date.
Preferred Stock Dividend Announcement
Alongside the common stock dividend, the Board of Directors has also declared a quarterly cash dividend of $17.50 per share on Old National's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: ONBPP) and Series C (NASDAQ: ONBPO). This highlights the Company's strong performance in managing its preferred equity offerings, ensuring consistent returns for these shareholders as well.
Overview of Old National Bancorp
Old National Bancorp serves as the holding company for Old National Bank, a prominent financial institution in the Midwest. The bank has established itself as the sixth largest commercial bank in this region and is recognized for its extensive service reach across the Midwest and Southeast. The Company's financial profile is robust, with nearly $53 billion in assets and $30 billion managed, ranking it among the top 30 banking companies in the country.
Company Background
Founded in 1834, Old National Bancorp emphasizes the value of building long-term partnerships with its clients while also prioritizing community support. The bank's offerings include a wide array of consumer and commercial banking services, as well as comprehensive wealth management and capital markets solutions. Old National's focus on client relationships and community involvement has driven its continued growth and success.
Recognition and Community Involvement
In 2024, Old National Bancorp received notable recognition as one of "The Civic 50," which acknowledges the 50 most community-minded companies within the United States. This accolade underscores Old National's commitment to corporate social responsibility and active engagement within the communities it serves.
Investors and Media Relations
For further inquiries regarding investor relations, Lynell Durchholz can be contacted at (812) 464-1366 or via email at lynell.durchholz@oldnational.com. For media inquiries, Kathy Schoettlin is available at (812) 465-7269 or kathy.schoettlin@oldnational.com.
Frequently Asked Questions
What dividend did Old National Bancorp declare?
Old National Bancorp declared a quarterly cash dividend of $0.14 per share on its common stock.
When will the dividends be paid?
The dividends are scheduled to be paid on a future date to shareholders of record on specified dates prior to payment.
What type of preferred stock does Old National offer?
Old National offers 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C.
How did Old National Bancorp perform financially?
The Company has approximately $53 billion in assets, showcasing its strong financial positioning within the banking sector.
What recognition did Old National receive in 2024?
In 2024, Old National was recognized as one of "The Civic 50," indicating its strong commitment to community involvement.
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