Old National board of directors declares dividend

EVANSVILLE — The board of directors of Old National Bancorp have declared a quarterly cash dividend of 13 cents per share on the company’s outstanding shares of common stock.

The dividend is payable Dec. 15 to shareholders of record on Dec. 1, the company said. Based on Old National’s closing price of $18.75 on Oct. 25, the quarterly dividend represents an annualized dividend yield of 2.8 percent.

Evansville-based Old National has banking centers in Indiana, Kentucky, western Michigan and eastern Illinois. The company operates four bank branches in Columbus.