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On 5/2/24, Old National Bancorp's 7.00% Dep Shares Non-Cumul Preferred Stock Ser A (Symbol: ONBPP) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 5/20/24. As a percentage of ONBPP's recent share price of $25.06, this dividend works out to approximately 1.75%, so look for shares of ONBPP to trade 1.75% lower — all else being equal — when ONBPP shares open for trading on 5/2/24. On an annualized basis, the current yield is approximately 6.99%, which compares to an average yield of 6.75% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of ONBPP shares, versus ONB:

Below is a dividend history chart for ONBPP, showing historical dividends prior to the most recent $0.4375 on Old National Bancorp's 7.00% Dep Shares Non-Cumul Preferred Stock Ser A:

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In Tuesday trading, Old National Bancorp's 7.00% Dep Shares Non-Cumul Preferred Stock Ser A (Symbol: ONBPP) is currently up about 0.1% on the day, while the common shares (Symbol: ONB) are off about 1.1%.

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