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

Ames National Co. (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, August 14th, Zacks reports. Investors of record on Friday, November 1st will be given 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 dividend yield of 4.65%. The ex-dividend date is Friday, November 1st.

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

Ames National Trading Up 0.6 %

Shares of ATLO stock traded up $0.11 during trading hours on Wednesday, reaching $17.21. The stock had a trading volume of 4,153 shares, compared to its average volume of 14,093. The firm has a market capitalization of $154.72 million, a PE ratio of 15.98 and a beta of 0.55. Ames National has a 12 month low of $15.69 and a 12 month high of $22.50. The stock’s fifty day simple moving average is $18.05 and its 200 day simple moving average is $19.33.

Ames National (NASDAQ:ATLO) last issued its 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%.

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.