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

Ames National Co. (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, August 14th, Zacks reports. Shareholders of record on Friday, November 1st will be paid a dividend of 0.20 per share by the financial services provider on Friday, November 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date is Friday, November 1st.

Ames National has raised its dividend payment by an average of 2.9% annually over the last three years.

Ames National Stock Up 0.3 %

Shares of NASDAQ ATLO opened at $17.15 on Thursday. The stock has a market cap of $154.18 million, a P/E ratio of 16.03 and a beta of 0.55. The firm’s 50-day simple moving average is $18.04 and its 200 day simple moving average is $19.31. Ames National has a fifty-two week low of $15.69 and a fifty-two week high of $22.50.

Ames National (NASDAQ:ATLO) last released its quarterly earnings results on Friday, August 9th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $13.49 million for the quarter. Ames National had a net margin of 10.77% and a return on equity of 5.92%.

Ames National Company Profile

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.