Preferred Stock Channel
Old National Bancorp (Evansville, IN) | 7.00% Dep Shares Non-Cumul Preferred Stock Series C (ONBPO)

Prospectus excerpt:  We are offering 4,400,000 of our depositary shares (the "depositary shares"), each representing a 1/40th ownership interest in a share of our fixed rate non-cumulative perpetual preferred stock, Series C, without par value (the "Series C Preferred Stock"), with a liquidation preference of $1,000 per share of Series C Preferred Stock (equivalent to $25 per depositary share). As a holder of the depositary shares, you will be entitled to all proportional rights and preferences of the Series C Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise any such rights through the depositary. Holders of the Series C Preferred Stock will be entitled to receive, only when, as and if declared by our Board of Directors, or a duly authorized committee thereof, and to the extent we have funds legally available for the payment of dividends, cash dividends at a rate equal to 7.000% per annum. When, as and if declared by our Board of Directors, or a duly authorized committee thereof, dividends will be payable from the date of issuance, quarterly in arrears, on February 20, May 20, August 20 and November 20 of each year, beginning on August 20, 2020 (each a "dividend payment date"). Upon payment of any dividends on the Series C Preferred Stock, the depositary will distribute to holders of depositary shares a proportionate payment.

Full Prospectus PDF », Secondary Prospectus PDF », ONB Page »

Series:C
Redeemable?:Yes
Call Date:8/20/2025
Perpetual?:Yes
Cumulative?:No
Shares Offered:4,400,000
Overallotment:660,000
Liquidation Preference:$25.00
Recent Market Price:$25.55
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.55 (2.20%)
Annualized Dividend:1.75
Recent Ex-Date:5/2/2024
Current Yield:6.85%
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:20-Feb, 20-May, 20-Aug, 20-Nov
CDx3 Compliance Rating: Learn ONBPO's Rating
Old National Bancorp is a financial holding company. Through its banking subsidiary, Old National Bank, Co. provides a range of services, including commercial and consumer loan and depository services, and other banking services. Co. also provides services to supplement its banking business including fiduciary and wealth management services, investment and brokerage services, investment consulting, and other financial services. In addition, Co. provides wealth management, investment, and foreign currency services. For businesses, Co. provides treasury management, merchant, health savings, and capital markets services as well as community development lending and equity investment solutions.

Preferreds: ONBPP, ONBPO


Open the ONB Information Page »
Name:  Old National Bancorp (Evansville, IN)
Website:  www.oldnational.com
Sector:  Banking & Savings
Number of ETFs Holding ONB:  60 (see which ones)
Total Market Value Held by ETFs:  $1,045,363,558.14
Total Market Capitalization:  $4,850,000,000
% of Market Cap. Held by ETFs:  21.55%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Old National Bancorp (Evansville, IN) | 7.00% Dep Shares Non-Cumul Preferred Stock Series C (ONBPO) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.