Ames National Corporation (NASDAQ:ATLO) Plans Dividend Increase – $0.24 Per Share

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, February 27th will be given a dividend of 0.24 per share by the financial services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. This is a 20.0% increase from Ames National’s previous quarterly dividend of $0.20.

Ames National has decreased its dividend payment by an average of 0.0%annually over the last three years.

Ames National Trading Up 1.3%

NASDAQ:ATLO traded up $0.36 on Wednesday, reaching $27.87. 18,069 shares of the stock traded hands, compared to its average volume of 33,143. The firm has a market capitalization of $247.86 million, a price-to-earnings ratio of 12.96 and a beta of 0.39. The company’s 50 day moving average is $24.98 and its 200-day moving average is $22.21. Ames National has a 1-year low of $16.09 and a 1-year high of $28.35.

Ames National (NASDAQ:ATLO) last announced its quarterly earnings data on Friday, January 23rd. The financial services provider reported $0.73 EPS for the quarter. The company had revenue of $15.34 million during the quarter. Ames National had a net margin of 19.36% and a return on equity of 9.90%.

About Ames National

Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.

The company’s core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.