Old National Bancorp
ONBFinancial Services · Stock · quarterly payer
Forward Yield
2.30%
Annual Dividend
$0.58
Payout Ratio
25%
5-Yr Growth
0.0%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Summary
As of September 2026, Old National Bancorp (ONB) yields 2.30% ($0.58 per share annually), with a blended fair-value estimate of $39.69 — +54% upside, so it screens as undervalued. Dividend safety grade: A (88/100).
Is ONB a good dividend stock?
YesOld National Bancorp (ONB) pays a quarterly dividend yielding 2.30% ($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%)
- 53% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 2.30%
- 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
- 0.84
- Market Cap
- $9.8B
- P/E Ratio
- 11.2
- 5-Yr Total Return
- 53%
- 52-Week Range
- $19.39 – $27.36
- Dividend Safety
- A · 88/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
ONB Price — Last 12 Months
Daily close
Price Return
1 Year
+18%
3 Years
+78%
5 Years
+53%
52-Week Range
$19.39 – $27.36
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ONB worth?
Undervaluedlow confidenceOur blended fair-value estimate for Old National Bancorp is $39.69 per share, versus a market price of $25.85. That implies 54% of upside — a margin of safety of about 35%.
Fair Value
$39.69
Current Price
$25.85
Upside
+54%
Margin of Safety
35%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 15.7% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.5% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $2.26 EPS, $0.58 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ONB Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 5, 2026 | — | $0.1450 | regular |
| Mar 5, 2026 | — | $0.1450 | regular |
| Dec 5, 2025 | — | $0.1400 | regular |
| Sep 5, 2025 | — | $0.1400 | regular |
| Jun 5, 2025 | — | $0.1400 | regular |
| Mar 5, 2025 | — | $0.1400 | regular |
| Dec 5, 2024 | — | $0.1400 | regular |
| Sep 5, 2024 | — | $0.1400 | regular |
| Jun 5, 2024 | — | $0.1400 | regular |
| Mar 4, 2024 | — | $0.1400 | regular |
| Nov 30, 2023 | — | $0.1400 | regular |
| Aug 31, 2023 | — | $0.1400 | regular |
| May 31, 2023 | — | $0.1400 | regular |
| Feb 28, 2023 | — | $0.1400 | regular |
Income Calculator
At $0.58 / yr per share
