Ames National Co. (NASDAQ:ATLO) to Issue $0.27 Quarterly Dividend

Ames National Co. (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.27 per share by the financial services provider on Wednesday, May 15th. This represents a $1.08 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Tuesday, April 30th.

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

Ames National Stock Performance

Shares of Ames National stock opened at $19.74 on Friday. The company’s 50 day moving average price is $19.33 and its 200-day moving average price is $19.17. Ames National has a 52-week low of $15.01 and a 52-week high of $22.50. The stock has a market capitalization of $177.46 million, a price-to-earnings ratio of 16.31 and a beta of 0.58.

Analyst Ratings Changes

Separately, TheStreet lowered Ames National from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

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.