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

Ames National Co. (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Thursday, August 1st will be paid a dividend of 0.27 per share by the financial services provider on Thursday, August 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Thursday, August 1st.

Ames National has raised its dividend payment by an average of 2.9% per year over the last three years and has raised its dividend every year for the last 14 years.

Ames National Price Performance

Shares of ATLO traded down $0.78 during mid-day trading on Tuesday, reaching $20.84. The company had a trading volume of 9,749 shares, compared to its average volume of 15,891. Ames National has a twelve month low of $15.01 and a twelve month high of $22.50. The company’s 50-day moving average is $20.36 and its 200-day moving average is $19.89. The company has a market capitalization of $194.41 million, a P/E ratio of 18.77 and a beta of 0.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Ames National from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th.

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.