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

Ames National Co. (NASDAQ:ATLO) announced a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Friday, May 30th will be paid 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 dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, May 30th.

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

Ames National Price Performance

Shares of ATLO stock opened at $18.44 on Wednesday. The stock has a market cap of $165.78 million, a P/E ratio of 16.18 and a beta of 0.57. The stock has a fifty day moving average price of $17.24 and a 200 day moving average price of $17.68. Ames National has a one year low of $15.69 and a one year high of $22.03.

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

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.