Old National Bancorp (ONB) Declares $0.14 Quarterly Dividend; Approves $200 Million Buyback

Old National Bancorp (NASDAQ: ONB) declared a quarterly dividend of $0.14 per share, or $0.56 annualized.

The dividend will be payable on March 17, 2025, to stockholders of record on March 5, 2025, with an ex-dividend date of March 4, 2025.

The annual yield on the dividend is 2.3 percent.

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 May 20, 2025, to shareholders of record as of the close of business on May 5, 2025.

The Company also announced today that its Board of Directors approved a stock repurchase program which authorizes the repurchase of up to $200 million of the Company’s common stock. Share repurchases under this program may be made from time to time on the open market, in privately negotiated transactions or through accelerated share repurchase programs in the discretion of, and at prices to be determined by, the Company. The program will be in effect until February 28, 2026.

For a dividend history and other dividend-related data on Old National Bancorp (ONB) click here.

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