Old National Bancorp Maintains Dividend Payouts Amid Market Volatility
Event summary
- Old National Bancorp declared a quarterly cash dividend of $0.145 per share on common stock, payable June 15, 2026.
- Board also approved a $17.50 per share dividend on 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, payable August 20, 2026.
- Old National manages $73 billion in assets and $39 billion in assets under management as of 2026.
- Bank ranks among the top 25 U.S. banking companies by asset size.
The big picture
Old National Bancorp's consistent dividend payouts reflect stability in an uncertain economic climate. As the fifth largest Midwest-based bank, its governance decisions carry weight for regional financial markets. The declaration comes amid broader industry trends of cautious capital allocation strategies in response to volatile interest rate environments.
What we're watching
- Dividend Sustainability
- Whether Old National can maintain current dividend levels amid potential interest rate fluctuations and economic uncertainty.
- Midwest Banking Trends
- How regional banking dynamics in the Midwest and Southeast will impact Old National's growth strategy.
- Preferred Stock Demand
- The pace at which investor interest in Old National's preferred stock series may evolve given current market conditions.
Related topics