8-K: Old National Bancorp Declares Quarterly Dividends

Old National Bancorp announced its Board of Directors has declared quarterly cash dividends for both common and preferred stock, maintaining consistent shareholder returns.

Summary

• Old National Bancorp's Board of Directors has declared a quarterly cash dividend of $0.145 per share on its common stock.
• This common stock dividend is payable on September 15, 2026, to shareholders of record as of September 5, 2026.
• Additionally, a quarterly cash dividend of $17.50 per share was declared on the 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C.
• This preferred stock dividend is equivalent to $0.4375 per depositary share.
• The preferred stock dividends are payable on November 20, 2026, to shareholders of record as of November 5, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive announcement, reflecting consistent capital return to shareholders.

Positives

• Consistent quarterly cash dividend declared for common stockholders.
• Consistent quarterly cash dividend declared for preferred stockholders.
• Old National Bancorp is recognized as one of 'The Civic 50' for community-mindedness for the third consecutive year.
• Old National was named the Financials Sector Leader among nominated banks and financial services organizations for community-mindedness.

Future Outlook

The company has declared regular quarterly cash dividends, indicating a stable outlook for shareholder returns.

Management Comments

• Old National Bancorp today announced that its Board of Directors declared a quarterly cash dividend of $0.145 per share on the Company's outstanding shares of common stock.
• 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 and Series C.

Industry Context

StockSavvy.ai notes that the declaration of regular dividends by Old National Bancorp aligns with the typical capital return strategies of established regional banks, aiming to provide consistent value to shareholders.

Stakeholder Impact

• Shareholders will receive regular income from their investments in common and preferred stock.
• The consistent dividend payments may positively influence investor confidence and stock valuation.

Next Steps

• Shareholders of record on September 5, 2026, will receive the common stock dividend on September 15, 2026.
• Shareholders of record on November 5, 2026, will receive the preferred stock dividend on November 20, 2026.

Key Dates

Recommendation

The filing reports on routine dividend declarations, which are expected actions for a mature financial institution. While positive for income-seeking investors, it does not indicate significant new growth or strategic shifts that would warrant a buy or sell recommendation based solely on this information.

Keywords

dividend declaration, common stock dividend, preferred stock dividend, shareholder returns, cash dividend, perpetual preferred stock, financial services