Ames National Corporation Announces Quarterly Dividend of $0.22 (NASDAQ:ATLO)
Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Stockholders of record on Wednesday, November 1st will be given a dividend of 0.22 per share by the financial services provider on Wednesday, November 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, October 31st.
Ames National Corporation (NASDAQ ATLO) traded down 4.44% during mid-day trading on Friday, hitting $26.90. 9,840 shares of the stock were exchanged. Ames National Corporation has a 52-week low of $26.60 and a 52-week high of $37.45. The company has a 50 day moving average price of $30.04 and a 200 day moving average price of $30.89. The firm has a market cap of $250.44 million, a price-to-earnings ratio of 16.80 and a beta of 0.66.
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Separately, BidaskClub cut shares of Ames National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th.
About Ames National Corporation
Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.
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