Ames National Co. to Issue Quarterly Dividend of $0.20 (NASDAQ:ATLO)

Ames National Co. (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.20 per share by the financial services provider on Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, January 31st.

Ames National has decreased its dividend payment by an average of 0.7% per year over the last three years.

Ames National Price Performance

ATLO opened at $18.18 on Wednesday. The business has a fifty day simple moving average of $16.95 and a 200 day simple moving average of $17.97. Ames National has a 1 year low of $15.69 and a 1 year high of $22.41. The company has a market capitalization of $163.44 million, a PE ratio of 18.36 and a beta of 0.56.

Ames National (NASDAQ:ATLO) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.39 EPS for the quarter. Ames National had a return on equity of 5.19% and a net margin of 9.75%.

About Ames National

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.