Old National Ban (ONB) DIvidends Date & History

Key Takeaways

• Old National Bancorp (ONB) offers a current dividend yield of 2.44%, paid quarterly at $0.145 per share.
• Annual dividend of $0.58 per share, with a recent 3.6% quarterly increase signaling commitment to shareholders.
• Payout ratio of 29.11% indicates strong earnings coverage and dividend sustainability.
• Consistent quarterly payments with modest growth; no recent cuts observed in history.
• Yield trails some regional bank peers like KEY (3.8%) and HBAN (3.8%), but lower payout supports future raises.
• Latest ex-dividend date was March 5, 2026, with payment on March 16, 2026.

Dividend Overview

Old National Bancorp (ONB), a Midwest-based regional bank, maintains a modest dividend profile with a current yield of 2.44% and an annual payout of $0.58 per share. Dividends are distributed quarterly, with the most recent payment of $0.145 per share following the ex-dividend date of March 5, 2026. This positions ONB as neither a high-yield play nor a rapid growth stock, but rather a steady income option for conservative investors. The bank's policy emphasizes reliability, supported by recent dividend hikes, making it appealing for those seeking stability in the regional banking sector.

Dividend History and Growth

Old National Bancorp has a history of consistent quarterly dividend payments, with evidence of steady increases over time. In February 2026, the company raised its quarterly dividend by 3.6% to $0.145 per share from $0.14, payable in March. Year-over-year growth stands at approximately 0.89%, reflecting cautious expansion amid banking sector dynamics. No dividend cuts have been recorded in recent years, and some analyses suggest growth over 17 years, underscoring a long-term strategy focused on shareholder returns through reliable payouts rather than aggressive hikes.

Dividend Sustainability and Payout Ratio

The dividend appears highly sustainable, with a payout ratio of 29.11%, meaning dividends consume less than 30% of earnings, leaving ample room for reinvestment and growth. This low ratio provides strong earnings coverage. While specific free cash flow (FCF; cash generated after capital expenditures) figures for dividend coverage are not detailed, the conservative payout and regional banking stability support ongoing payments. Debt levels are typical for banks under regulatory scrutiny, with focus on capital ratios ensuring financial health. Overall, ONB's metrics indicate low risk of reduction.

Dividend Compared to Industry Peers

In the regional banking sector, ONB's 2.44% yield is below peers like Fifth Third Bancorp (FITB) at 3.2%, KeyCorp (KEY) at 3.8%, and Huntington Bancshares (HBAN) at 3.8%. ONB's lower yield reflects its conservative payout approach, prioritizing sustainability over high income, which may appeal to investors valuing growth potential over immediate returns compared to higher-yielding but potentially riskier peers.

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Is This Stock Attractive for Dividend Investors?

Old National Bancorp (ONB) may suit conservative dividend investors prioritizing sustainability over high yields, given its low 29% payout ratio and consistent payment history. Income-focused individuals could appreciate the reliable quarterly payouts and recent increases, though the 2.4% yield lags flashier regional bank options. Dividend growth seekers might find modest appeal in the steady, if unspectacular, hikes amid economic cycles affecting banks. Long-term holders in the Midwest region may value ONB's stability, but those chasing rapid growth or top yields may look elsewhere. Overall, it fits portfolios emphasizing capital preservation with moderate income in a volatile sector.

Disclaimer

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