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

Ames National Co. (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders 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 Trading Down 3.6 %

Shares of ATLO stock opened at $20.84 on Tuesday. Ames National has a 1 year low of $15.01 and a 1 year high of $22.50. The firm’s 50 day moving average is $20.36 and its 200-day moving average is $19.89. The firm has a market capitalization of $194.41 million, a price-to-earnings ratio of 18.77 and a beta of 0.57.

Analysts Set New Price Targets

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

Ames National Company Profile

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.