Old Stock To Go Ex-dividend Tomorrow (ONB)

NEW YORK ( TheStreet) -- The ex-dividend date for Old National Bancorp (NYSE: ONB) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.68 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Old has been 689,500 shares per day over the past 30 days. Old has a market cap of $884 million and is part of the financial sector and banking industry. Shares are down 20.4% 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, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Old as a 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 revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Old Ratings Report.

See our dividend calendar or top-yielding stocks list.

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