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

Ames National Co. (NASDAQ:ATLO) declared a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.20 per share by the financial services provider on Friday, June 13th. This represents a $0.80 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, May 30th.

Ames National has decreased its dividend by an average of 3.3% annually over the last three years.

Ames National Stock Performance

Ames National stock opened at $18.62 on Thursday. The firm has a market cap of $167.39 million, a price-to-earnings ratio of 16.33 and a beta of 0.57. Ames National has a 1 year low of $15.69 and a 1 year high of $22.03. The firm’s 50 day moving average price is $17.27 and its two-hundred day moving average price is $17.68.

Ames National (NASDAQ:ATLO) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.39 EPS for the quarter. Ames National had a net margin of 11.05% and a return on equity of 5.94%.

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.