Old National Bancorp's Preferred Stock Cross 7% Yield Mark

In trading on Wednesday, shares of Old National Bancorp's 7.00% Dep Shares Non-Cumul Preferred Stock Ser A (ONBPP) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $24.73 on the day. This compares to an average yield of 6.67% in the "Financial" preferred stock category, according to Preferred Stock Channel..