Ames National Co. (NASDAQ:ATLO) to Issue Quarterly Dividend of $0.27

Ames National Co. (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.27 per share by the financial services provider on Wednesday, May 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Tuesday, April 30th.

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

Ames National Stock Performance

Shares of NASDAQ ATLO opened at $19.74 on Friday. The company has a market capitalization of $177.46 million, a P/E ratio of 16.31 and a beta of 0.58. Ames National has a 52-week low of $15.01 and a 52-week high of $22.50. The company’s 50 day moving average price is $19.33 and its 200-day moving average price is $19.17.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Ames National from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

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.