NEW YORK (
) -- The ex-dividend date for
) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.66 as of 9:30 a.m. ET, the dividend yield is 2.7%.
The average volume for Old has been 891,700 shares per day over the past 30 days. Old has a market cap of $1.02 billion and is part of the
industry. Shares are down 13.6% year to date as of the close of trading on Friday.
Old National Bancorp operates as a holding company for Old National Bank, which provides financial services to individuals and commercial customers primarily in Indiana, eastern and southeastern Illinois, and central and western Kentucky. The company has a P/E ratio of 17.2, below the average banking industry P/E ratio of 18 and below the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Old as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full