Southern Indiana Business Report
EVANSVILLE — The board of directors of Old National Bancorp declared a quarterly cash dividend Oct. 28 of $0.14 per share on the company’s outstanding shares of common stock. The dividend is payable Dec. 15 to shareholders of record on Dec. 6. For purposes of broker trading, the ex-dividend date is Dec. 3. Based on Old National’s closing price of $17.18 on Oct. 27, the quarterly dividend represents an annualized dividend yield of 3.3%.
Old National Bancorp, the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana. With $24.0 billion in assets, it ranks among the top 100 banking companies in the U.S. and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for 10 consecutive years. Founded in Evansville in 1834, Old National’s footprint includes Indiana, Kentucky, Michigan, Minnesota and Wisconsin. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investment and capital market services. Old National trades under the NASDAQ symbol ONB.