Ames National Corporation (ATLO) to Issue Quarterly Dividend of $0.24 on June 15th

Ames National Corporation (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 1st will be given a dividend of 0.24 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, June 1st.

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

Ames National Stock Performance

NASDAQ:ATLO opened at $28.74 on Friday. The company has a market cap of $254.55 million, a price-to-earnings ratio of 11.88 and a beta of 0.30. The stock’s fifty day moving average price is $28.28 and its two-hundred day moving average price is $25.78. Ames National has a 52-week low of $16.94 and a 52-week high of $29.71.

Ames National (NASDAQ:ATLO) last released its earnings results on Friday, April 24th. The financial services provider reported $0.67 EPS for the quarter. The company had revenue of $18.22 million during the quarter. Ames National had a return on equity of 10.65% and a net margin of 21.63%. On average, equities analysts predict that Ames National will post 2.7 EPS for the current fiscal year.

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.