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Old National Bancorp Depositary Shares Each Representing A 1/40th Interest In A Share Of Series C Preferred Stock
24.82
+0.04 (+0.16%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 24.78
Day's Range: 24.82 - 24.97
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When Written:
25.49
Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock is a type of security offered by Old National Bancorp, a financial services company based in Indiana, USA. These depositary shares represent a fractional ownership interest in a share of the company's Series C Preferred Stock.
The Series C Preferred Stock is a type of equity security that offers a fixed dividend rate to investors, which is paid out before any dividends are paid to common stockholders. The Series C Preferred Stock also has a liquidation preference, which means that in the event of a company liquidation, preferred stockholders are paid before common stockholders.
The depositary shares are listed on the NASDAQ stock exchange under the ticker symbol ONB-C. Each depositary share represents a 1/40th interest in a share of the Series C Preferred Stock, and can be bought and sold like any other stock.
Investors who purchase Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock are entitled to receive a dividend payment based on the fixed dividend rate of the Series C Preferred Stock. The dividend payment is typically made quarterly.
Overall, Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock is a type of security that offers investors a way to invest in a fixed-income security with a higher yield than traditional bonds, while also providing some of the benefits of equity ownership.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The Series C Preferred Stock is a type of equity security that offers a fixed dividend rate to investors, which is paid out before any dividends are paid to common stockholders. The Series C Preferred Stock also has a liquidation preference, which means that in the event of a company liquidation, preferred stockholders are paid before common stockholders.
The depositary shares are listed on the NASDAQ stock exchange under the ticker symbol ONB-C. Each depositary share represents a 1/40th interest in a share of the Series C Preferred Stock, and can be bought and sold like any other stock.
Investors who purchase Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock are entitled to receive a dividend payment based on the fixed dividend rate of the Series C Preferred Stock. The dividend payment is typically made quarterly.
Overall, Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock is a type of security that offers investors a way to invest in a fixed-income security with a higher yield than traditional bonds, while also providing some of the benefits of equity ownership.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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When Written:
25.49
Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock (ticker symbol: ONB-C) are a type of preferred stock issued by Old National Bancorp, a financial services company based in Evansville, Indiana.
Each depositary share represents a 1/40th interest in a share of Series C preferred stock, which has a liquidation preference of $25 per share. The Series C preferred stock pays a fixed dividend rate of 6.50% per year, which is payable quarterly.
The depositary shares are traded on the NASDAQ stock exchange and can be bought and sold like any other stock. However, because they represent a fractional interest in a share of preferred stock, they may be less liquid than other types of securities.
Investors who hold Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock are entitled to receive dividends on a quarterly basis, as well as certain other rights and preferences as outlined in the company's charter and bylaws. However, they do not have voting rights in the company.
Overall, Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock can be a good investment for income-oriented investors who are looking for a relatively stable source of dividends. However, as with any investment, it is important to carefully evaluate the risks and potential rewards before making a purchase.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
Each depositary share represents a 1/40th interest in a share of Series C preferred stock, which has a liquidation preference of $25 per share. The Series C preferred stock pays a fixed dividend rate of 6.50% per year, which is payable quarterly.
The depositary shares are traded on the NASDAQ stock exchange and can be bought and sold like any other stock. However, because they represent a fractional interest in a share of preferred stock, they may be less liquid than other types of securities.
Investors who hold Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock are entitled to receive dividends on a quarterly basis, as well as certain other rights and preferences as outlined in the company's charter and bylaws. However, they do not have voting rights in the company.
Overall, Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock can be a good investment for income-oriented investors who are looking for a relatively stable source of dividends. However, as with any investment, it is important to carefully evaluate the risks and potential rewards before making a purchase.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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