Ames National Co. (ATLO) To Go Ex-Dividend on April 30th

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 payment by an average of 2.9% per year over the last three years.

Ames National Stock Performance

NASDAQ:ATLO traded up $0.42 during mid-day trading on Friday, hitting $19.74. 12,910 shares of the company’s stock traded hands, compared to its average volume of 8,876. The firm’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $19.17. Ames National has a 1 year low of $15.01 and a 1 year high of $22.50. The company has a market cap of $177.46 million, a PE ratio of 16.31 and a beta of 0.58.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of Ames National from a “b-” rating to a “c+” rating in a 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.