Ex-Dividend Date: Old National Bancorp (NASDAQ: ONB) will go ex-dividend in 4 days, specifically on September 5th. Investors must own shares before this date to receive the upcoming dividend payment.
Dividend Payment: The next dividend payment is set at US$0.14 per share, with a total distribution of US$0.56 to shareholders over the last year. This results in a trailing yield of 2.4% based on the current share price of US$22.89.
Dividend Sustainability and Company Performance
Payout Ratio: The company paid out 33% of its profit in dividends last year, indicating a sustainable dividend as it is less than the earnings generated.
Earnings Stability: Old National Bancorp's earnings have remained flat over the past five years, which raises concerns about long-term dividend sustainability. However, the company reinvests over half of its profits, which may support future growth.
Historical Dividend Growth
Dividend Growth Rate: Over the past decade, Old National Bancorp has increased its dividend by approximately 2.4% annually, suggesting a modest but consistent growth in dividend payments.
Investment Considerations
Investment Risks: While the dividend appears attractive, there is one identified warning sign regarding the company's financial health that potential investors should consider.
Recommendation: Despite stagnant earnings, Old National Bancorp shows promise as a dividend stock, warranting further investigation by potential investors.
General Disclaimer
The article emphasizes that the analysis is based on historical data and does not constitute financial advice or a recommendation to buy or sell stocks.
ONBPO
$25.12+Infinity%1D
Analyst Views on ONBPO
Wall Street analysts forecast ONBPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONBPO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast ONBPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONBPO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
