Old National Bancorp’s Preferred Stock Set for Ex-Dividend Trading
Key Details About Upcoming Dividend Payment
On November 5, 2024, Old National Bancorp’s 7.00% Dep Shares Non-Cumul Preferred Stock Series A (Symbol: ONBPP) will trade ex-dividend. Investors should note that a quarterly dividend of $0.4375 is scheduled for payment on November 20, 2024. With ONBPP’s recent share price at $25.48, this dividend equates to roughly 1.72%. Therefore, when ONBPP shares begin trading on ex-dividend day, they are expected to open about 1.72% lower, barring other market influences.
The annual yield for this preferred stock is approximately 6.87%. By comparison, the average yield for preferred stocks in the financial sector stands at 6.50%, as reported by Preferred Stock Channel.
Performance Comparison Against Common Stock
The chart below illustrates the one-year performance of ONBPP shares against Old National Bancorp’s common shares (Symbol: ONB):
Dividend History Overview
Below is a chart detailing ONBPP’s dividend history, showcasing dividends issued prior to the latest payment of $0.4375 on Old National Bancorp’s preferred shares:
Free Report: Top 8%+ Dividends (paid monthly)
In trading last Friday, Old National Bancorp’s 7.00% Dep Shares Non-Cumul Preferred Stock Series A (Symbol: ONBPP) remained stable, while the common shares (Symbol: ONB) experienced a modest increase of about 0.2%.
Click here to discover which S.A.F.E. dividend stocks also feature preferred shares worth monitoring. »
Also see:
- Top Ten Hedge Funds Holding BLOX
- Funds Holding LMNS
- BOMN Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
