SmarterDividends
ONB

Old National Bancorp

ONB

Financial Services · Banks - Regional · Stock · quarterly payer

$25.32

Undervalued · +47% Add to Portfolio

Forward Yield

2.29%

Annual Dividend

$0.58

Payout Ratio

25%

5-Yr Growth

0.0%

Ex-Date

Sep 4, 2026

Frequency

Quarterly

Key facts about ONB's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 25, 2026, Old National Bancorp (ONB) has a forward dividend yield of 2.29%, based on an annual dividend of $0.58 per share and a share price of $25.32.
  • As of Oct 25, 2026, ONB's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
  • ONB last cut its regular dividend in 2009.
  • ONB's most recent ex-dividend date was Sep 4, 2026, for a dividend of $0.15 per share.
  • As of Oct 25, 2026, ONB pays out 25% of its trailing 12-month earnings as dividends (its payout ratio).
  • ONB's dividend has been roughly flat over the past five years.
  • As of Oct 25, 2026, ONB's 2.29% yield is 27% below its five-year average yield of 3.14%.
  • As of Oct 25, 2026, SmarterDividends' blended fair-value estimate for ONB is $37.34 per share, 47% above the $25.32 share price, so ONB screens as undervalued.
  • Old National Bancorp (ONB) pays its dividend quarterly, 4 times a year.
  • Old National Bancorp (ONB) has raised its regular dividend 26 times and cut it 4 times across the 166 payments on record since 1987. Its most recent change was a 3.6% increase to $0.145 per share, going ex-dividend on Mar 5, 2026. The last cut went ex-dividend on May 28, 2009.
Cite this page

SmarterDividends, "ONB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 25, 2026, https://smarterdividends.com/stocks/ONB

Summary

As of Oct 25, 2026, Old National Bancorp (ONB) yields 2.29% ($0.58 a year per share) and has a dividend safety grade of A (89/100).

Is ONB a good dividend stock?

Yes

Old National Bancorp (ONB) pays a quarterly dividend yielding 2.29% ($0.58/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (25%)
  • 43% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2009

Key Data

Dividend Yield
2.29%
Payout Ratio
25%
Annual Dividend
$0.58
5-Yr Avg Growth
0.0%
Ex-Dividend Date
Sep 4, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.86
Market Cap
$9.6B
P/E Ratio
10.3
5-Yr Total Return
43%
52-Week Range
$19.60 – $27.36
Dividend Safety
A · 89/100
Ever Cut?
Yes (2009)

ONB dividend raises and cuts

Old National Bancorp (ONB) has raised its regular dividend 26 times and cut it 4 times across the 166 payments on record since 1987. Its most recent change was a 3.6% increase to $0.145 per share, going ex-dividend on Mar 5, 2026. The last cut went ex-dividend on May 28, 2009.

Ex-dateChangeOld → newMove
Mar 5, 2026Raise$0.140 → $0.145+3.6%
Feb 28, 2020Raise$0.130 → $0.140+7.7%
Feb 26, 2016Raise$0.120 → $0.130+8.3%
Feb 26, 2015Raise$0.110 → $0.120+9.1%
Feb 27, 2014Raise$0.100 → $0.110+10.0%
Feb 27, 2013Raise$0.0900 → $0.100+11.1%
Feb 28, 2012Raise$0.0700 → $0.0900+28.6%
May 28, 2009Cut$0.230 → $0.0700−69.6%
Feb 28, 2008Raise$0.220 → $0.230+4.5%
Feb 27, 2007Raise$0.210 → $0.220+4.8%
Feb 27, 2006Raise$0.190 → $0.210+10.5%
Feb 25, 2005Raise$0.181 → $0.190+5.0%
Show all 30 changes since 1994
Ex-dateChangeOld → newMove
Feb 26, 2004Raise$0.172 → $0.181+5.0%
Feb 27, 2003Raise$0.164 → $0.172+5.0%
Aug 29, 2002Raise$0.147 → $0.164+11.8%
Feb 27, 2002Raise$0.141 → $0.147+4.3%
Jan 2, 2002Raise$0.140 → $0.141+0.7%
Feb 27, 2001Raise$0.132 → $0.140+6.3%
Jan 5, 2001Cut$0.133 → $0.132−1.2%
Feb 28, 2000Raise$0.125 → $0.133+6.2%
Jan 5, 2000Cut$0.127 → $0.125−1.2%
May 27, 1999Raise$0.114 → $0.127+10.9%
Feb 25, 1999Raise$0.109 → $0.114+5.0%
Feb 26, 1998Raise$0.104 → $0.109+4.5%
Jan 6, 1998Raise$0.104 → $0.104+0.4%
Feb 27, 1997Raise$0.0993 → $0.104+4.5%
Jan 6, 1997Raise$0.0988 → $0.0993+0.4%
May 30, 1996Raise$0.0945 → $0.0988+4.5%
Feb 1, 1996Cut$0.0988 → $0.0945−4.3%
Feb 23, 1994Raise$0.0902 → $0.0988+9.5%
Every ONB payment →Download every raise and cut (CSV)
ONB ex-dividend date & scheduleNext ex-date Sep 4, 2026 · full ex-dividend historyView →ONB dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is ONB a good dividend stock?

Yes. Old National Bancorp (ONB) pays a quarterly dividend yielding 2.29% ($0.58/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is ONB undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ONB's fair value is about $37.34 versus a $25.32 share price — so it looks undervalued (+47% vs. fair value).

Is ONB's dividend safe?

ONB has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2009, debt and yield-versus-history.

What is ONB's fair value?

Our blended fair-value estimate for ONB is about $37.34 per share, roughly 47% above the current $25.32 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ONB a buy, hold, or sell?

We don't issue formal ratings, but on the data ONB screens as "yes" and undervalued. Old National Bancorp (ONB) pays a quarterly dividend yielding 2.29% ($0.58/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will ONB cut its dividend?

ONB earns a dividend-safety grade of A (89/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does ONB pay a dividend?

Yes. Old National Bancorp pays a quarterly dividend of about $0.58 per share annually, a forward yield of roughly 2.29%.

What is ONB's dividend yield?

As of Oct 25, 2026, ONB's forward dividend yield is 2.29%, based on a $0.58 annual dividend and a $25.32 share price.

What is ONB's dividend per share?

As of Oct 25, 2026, ONB pays $0.58 per share per year, distributed on a quarterly basis.

What is ONB's dividend payout ratio?

As of Oct 25, 2026, ONB's payout ratio is 25% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has ONB grown its dividend?

ONB does not currently have a long dividend-growth streak on record.

When is the next ONB ex-dividend date?

As of Oct 25, 2026, ONB's next ex-dividend date hasn't been announced. The most recent was Sep 4, 2026, for $0.15 per share.

Income Calculator

At $0.58 / yr per share

Per payment (quarterly)$14.50
Annual$58.00
Monthly avg$4.83

Similar Dividend Stocks

JPMJPMJPMorgan Chase & Co.1.99%Financial ServicesVVVisa Inc.0.66%Financial ServicesMAMAMastercard Incorporated0.56%Financial ServicesBACBACBank of America Corporation2.53%Financial Services

Compare ONB

ONB vs JPMONB vs VONB vs MAONB vs BAC

Explore more

Lists and tools related to ONB