The Dividend Growth of Old National Bancorp
Old National Bancorp's board of directors has announced a dividend payment of $0.14 per share, representing an annual payout of 2.4% of the current stock price, lower than the industry average. The company has a history of paying out dividends for at least 10 years, with a stable distribution pattern that has grown by only 2.4% per annum over the past decade. With forecasted EPS growth and a manageable payout ratio, Old National Bancorp appears to have solid potential as a dividend stock.
- This consistent dividend payment policy may be a reflection of the company's conservative approach to capital allocation, which could provide a stable source of returns for investors in a low-interest-rate environment.
- Will increasing earnings growth and potentially higher dividend payouts offset the relatively slow rate of growth compared to other dividend stocks?