Ames National Corporation (ATLO) to Issue Quarterly Dividend of $0.22 on November 15th

Ames National Corporation (NASDAQ:ATLO) declared 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 2.90%. The ex-dividend date is Tuesday, October 31st.

Ames National Corporation (ATLO) opened at 30.30 on Monday. Ames National Corporation has a 1-year low of $26.60 and a 1-year high of $37.45. The company has a market capitalization of $282.09 million, a P/E ratio of 18.93 and a beta of 0.71. The stock’s 50 day moving average is $29.67 and its 200-day moving average is $29.81.

An institutional investor recently raised its position in Ames National Corporation stock. The Manufacturers Life Insurance Company increased its holdings in shares of Ames National Corporation (NASDAQ:ATLO) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,365 shares of the financial services provider’s stock after buying an additional 34 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Ames National Corporation were worth $103,000 at the end of the most recent quarter. 24.06% of the stock is currently owned by institutional investors.

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Separately, BidaskClub downgraded shares of Ames National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th.

Ames National Corporation Company Profile

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.

Dividend History for Ames National Corporation (NASDAQ:ATLO)

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