Old Stock To Go Ex-dividend Tomorrow (ONB)

NEW YORK ( TheStreet) -- The ex-dividend date for Old National Bancorp (NYSE: ONB) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $12.05 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Old has been 639,500 shares per day over the past 30 days. Old has a market cap of $1.17 billion and is part of the financial sector and banking industry. Shares are up 4.6% 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 16.3, below the average banking industry P/E ratio of 20.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Old as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Old Ratings Report.

See our dividend calendar or top-yielding stocks list.
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