Old National Bancorp Announces Quarterly Cash Dividend
Old National Bancorp (NASDAQ: ONB) has revealed that its Board of Directors has approved a quarterly cash dividend of $0.14 per share on the Company’s outstanding common stock. This decision underscores the Company's dedication to delivering value to its shareholders. The dividend payment is set for a future date, benefiting those shareholders recorded as of the close of business before the payment date.
Dividend Announcement for Preferred Stock
In addition to 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 reflects the Company's effective management of its preferred equity offerings, ensuring consistent returns for these shareholders as well.
About Old National Bancorp
Old National Bancorp acts as the holding company for Old National Bank, a significant financial institution in the Midwest. The bank ranks as the sixth largest commercial bank in the region and is well-known for its extensive service coverage across the Midwest and Southeast. The Company boasts a strong financial profile, with nearly $53 billion in assets and $30 billion managed, placing it among the top 30 banking institutions in the nation.
Company History
Founded in 1834, Old National Bancorp prioritizes building long-term relationships with its clients while also focusing on community support. The bank provides a wide range of consumer and commercial banking services, along with comprehensive wealth management and capital markets solutions. Old National's commitment to client relationships and community engagement has fueled its ongoing growth and success.
Community Engagement and Recognition
In 2024, Old National Bancorp was honored as one of "The Civic 50," which recognizes the 50 most community-minded companies in the United States. This accolade highlights Old National's dedication to corporate social responsibility and its active participation in the communities it serves.
Contact Information for Investors and Media
For inquiries related to investor relations, please reach out to Lynell Durchholz at (812) 464-1366 or via email at lynell.durchholz@oldnational.com. For media inquiries, contact Kathy Schoettlin 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 set to be paid on a future date to shareholders of record on specified dates prior to the 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, demonstrating its strong financial position within the banking industry.
What recognition did Old National receive in 2024?
In 2024, Old National was recognized as one of "The Civic 50," reflecting its strong commitment to community involvement.
