Old National Bancorp Unveils Dividend Plans for Shareholders

Old National Bancorp Declares Dividends for Shareholders

Old National Bancorp, recognized by the ticker symbol (NASDAQ: ONB), has recently announced exciting plans pertaining to dividends for its shareholders. These financial decisions reflect the company's ongoing commitment to providing value to its investors and showcasing its growth trajectory in the competitive banking landscape.

Quarterly Cash Dividend Announcement

The Board of Directors has officially declared a quarterly cash dividend of $0.14 per share on the outstanding shares of common stock. This is great news for shareholders, as they can expect this cash dividend to be payable soon to those enrolled by a specific date. The announcement assures that those who hold shares as of the specific record date will benefit from this distribution.

Preferred Stock Dividends

In addition to the cash dividend on common stock, the Board has also stated that a quarterly cash dividend of $17.50 per share will be provided on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C. This dual structure of dividends not only caters to common stock investors but also adds value for holders of preferred shares, ensuring they receive a substantial return on their investments.

Understanding Old National Bancorp's Market Position

As the fifth largest commercial bank headquartered in the Midwest, Old National plays an integral role in the regional economy. The bank proudly serves clients across various states, providing a broad spectrum of financial services that extend beyond mere banking. With approximately $70 billion in assets and a significant amount under management, Old National positions itself among the elite banking institutions in the United States.

Commitment to Community Engagement

Old National Bancorp doesn’t just focus on financial growth; it also demonstrates a strong commitment to community engagement. Tracing its roots back to 1834, the company has been cultivating long-term relationships with clients and contributing positively to the communities it serves. The recognition by Points of Light as one of "The Civic 50" indicates its reputation as one of the most community-minded companies in the country.

Comprehensive Financial Services Provided

Beyond traditional banking, Old National offers extensive services in wealth management and capital markets, catering to both consumer and commercial banking needs. This diversification allows the company to not only address everyday banking needs but also empower clients to achieve financial growth and stability.

Connecting with Investors

Transparency and communication with investors remain a top priority at Old National. Interested parties can reach out to their Investor Relations representative, Lynell Durchholz, at (812) 464-1366 or via email for more detailed inquiries about the company’s operations and financial performance. Furthermore, media inquiries can be directed to Rick Vach at (904) 535-9489.

Frequently Asked Questions

What dividends has Old National Bancorp announced?

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

When will these dividends be payable?

The dividends will be payable on specific dates to shareholders recorded by designated cutoff dates.

How does Old National support the community?

Old National is committed to community engagement and was named one of "The Civic 50" for its efforts in social responsibility.

What services does Old National Bancorp offer?

Old National provides consumer and commercial banking services, as well as wealth management and capital markets services.

Who can investors contact for more information?

Investors can contact Lynell Durchholz in Investor Relations or Rick Vach for media inquiries for further information.

About The Author

Riley Hayes here, a financial writer and specialist committed to assisting individuals in navigating the intricate world of finance. My love is using my blog and articles to simplify complex financial ideas into understandable, doable guidance. Having worked in finance for many years, I try to give my readers the information and resources they need to make wise financial choices.

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