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NEW YORK (

TheStreet

) -- The ex-dividend date for

Old National Bancorp

(NYSE:

ONB

) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.24 as of 9:31 a.m. ET, the dividend yield is 2.5%.

The average volume for Old has been 558,600 shares per day over the past 30 days. Old has a market cap of $993.8 million and is part of the

financial

sector and

banking

TheStreet Recommends

industry. Shares are down 6% year to date as of the close of trading on Wednesday.

Old National Bancorp operates as the holding company for Old National Bank that provides financial services to individuals and commercial clients primarily in Indiana, eastern and southeastern Illinois, and central and western Kentucky. The company has a P/E ratio of 25.9, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 22.7.

TheStreet Ratings rates Old as hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full

Old Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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