Ames National Corporation Plans Quarterly Dividend of $0.20 (NASDAQ:ATLO)

Key Points

• Ames National Corporation has declared a quarterly dividend of $0.20 per share, with shareholders eligible on September 1st to be paid on September 15th, representing an annualized yield of 4.2%.
• The company's stock traded down to $19.06 during midday trading, with a market capitalization of $169.63 million and a P/E ratio of 12.38.
• As of the last quarter, institutional investors own 26.47% of Ames National's stock, with significant increases in holdings reported from firms such as JPMorgan Chase & Co. and Wells Fargo & Company.

Ames National Corporation (NASDAQ:ATLO - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, Wall Street Journal reports. Stockholders of record on Monday, September 1st will be paid a dividend of 0.20 per share by the financial services provider on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, August 29th.

Ames National Stock Up 0.8%

ATLO stock traded up $0.15 during trading on Wednesday, reaching $19.25. The company's stock had a trading volume of 5,994 shares, compared to its average volume of 11,824. The company's fifty day moving average is $18.25 and its 200-day moving average is $17.89. The company has a market capitalization of $171.33 million, a P/E ratio of 12.50 and a beta of 0.50. Ames National has a 1 year low of $15.69 and a 1 year high of $19.45.

Ames National (NASDAQ:ATLO - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The financial services provider reported $0.51 earnings per share for the quarter. Ames National had a return on equity of 7.46% and a net margin of 14.44%.The firm had revenue of $16.11 million during the quarter.

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.