Old National Bancorp's most recent quarterly dividend of $0.14 per share was on Nov 30, 2022 (ex-date). At an annualized rate of $0.56 per share, the stock yields 3.28%.
ONB has a dividend yield of 3.28% which is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 2.72%, Old National Bancorp's dividend yield is 21% higher. The historical 5-year average of ONB's dividend yield is 3.2%, which is similar to the current yield.
Old National Bancorp has a history of paying dividends since 1994. Our records of ONB show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. However since the stock price has gone down by 7% from a year ago, the dividend yield has increased by 7%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 30, 2022 | Dec 15, 2022 | Nov 3, 2022 | $0.14 | normal |
| Aug 31, 2022 | Sep 15, 2022 | Aug 17, 2022 | $0.14 | normal |
| May 31, 2022 | Jun 15, 2022 | May 18, 2022 | $0.14 | normal |
| Mar 3, 2022 | Mar 15, 2022 | Jan 27, 2022 | $0.14 | normal |
| Dec 3, 2021 | Dec 15, 2021 | Oct 28, 2021 | $0.14 | normal |
| Aug 31, 2021 | Sep 15, 2021 | Jul 29, 2021 | $0.14 | normal |
| May 28, 2021 | Jun 15, 2021 | Apr 29, 2021 | $0.14 | normal |
| Feb 26, 2021 | Mar 15, 2021 | Jan 28, 2021 | $0.14 | normal |
| Nov 30, 2020 | Dec 15, 2020 | Oct 29, 2020 | $0.14 | normal |
| Aug 31, 2020 | Sep 15, 2020 | Jul 30, 2020 | $0.14 | normal |
| May 29, 2020 | Jun 15, 2020 | Apr 29, 2020 | $0.14 | normal |
| Feb 28, 2020 | Mar 16, 2020 | Jan 21, 2020 | $0.14 | normal |
| Nov 29, 2019 | Dec 16, 2019 | Oct 24, 2019 | $0.13 | normal |
| Aug 30, 2019 | Sep 17, 2019 | Aug 1, 2019 | $0.13 | normal |
| May 31, 2019 | Jun 17, 2019 | May 2, 2019 | $0.13 | normal |
| Feb 28, 2019 | Mar 15, 2019 | Jan 24, 2019 | $0.13 | normal |
| Nov 30, 2018 | Dec 17, 2018 | Oct 25, 2018 | $0.13 | normal |
| Aug 31, 2018 | Sep 18, 2018 | Jul 26, 2018 | $0.13 | normal |
| May 31, 2018 | Jun 15, 2018 | Apr 26, 2018 | $0.13 | normal |
| Feb 28, 2018 | Mar 15, 2018 | Jan 25, 2018 | $0.13 | normal |
| Nov 30, 2017 | Dec 15, 2017 | Oct 26, 2017 | $0.13 | normal |
| Aug 30, 2017 | Sep 15, 2017 | Jul 27, 2017 | $0.13 | normal |
| May 30, 2017 | Jun 15, 2017 | Apr 27, 2017 | $0.13 | normal |
| Feb 27, 2017 | Mar 15, 2017 | Jan 26, 2017 | $0.13 | normal |
| Nov 29, 2016 | Dec 15, 2016 | Oct 31, 2016 | $0.13 | normal |
| Aug 30, 2016 | Sep 16, 2016 | Aug 1, 2016 | $0.13 | normal |
| May 27, 2016 | Jun 15, 2016 | May 2, 2016 | $0.13 | normal |
ONB has a payout ratio of 52.8% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 31.1%, Old National Bancorp's payout ratio is 70% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBNC Horizon Bancorp Inc | 4.28% | $0.63 | 29.3% |
| HBAN Huntington Bancshares Inc | 4.13% | $0.62 | 47.7% |
| ONB Old National Bancorp | 3.28% | $0.56 | 52.8% |
| RF Regions Financial Corp | 3.16% | $0.74 | 36.5% |
| FRME First Merchants Corp | 3.07% | $1.25 | 35.5% |
| SRCE 1St Source Corp | 2.61% | $1.26 | 26.8% |
| GABC German American Bancorp Inc | 2.48% | $0.92 | 34.5% |
| THFF First Financial Corp | 2.48% | $1.08 | 21.4% |
Yes, Old National Bancorp has been paying dividends for the last 28 years.
At this point we don't have a record of ONB's next dividend date, but based on the current dividend schedule we project that it will likely be in February 2023.
Old National Bancorp's last dividend ex-date was on Nov 30, 2022. The dividend amount was $0.14 per share.
On an annual basis ONB pays $0.56 per share.
Old National Bancorp's current dividend yield is 3.28%.
Old National Bancorp has a quarterly dividend frequency.
The dividend payout ratio of Old National Bancorp is 52.8%.
Old National Bancorp's dividend yield is above the Financial Services sector average.