Ames National's last quarterly dividend of $0.27 per share was on Jul 31, 2023 (ex-date). The annualized dividend payment of $1.08 per share represents a current dividend yield of 6.39%.
Ames National's dividend yield of 6.39% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 3.79%, Ames National's dividend yield is 69% higher. Historically ATLO's dividend yield has averaged at 4.3% in the last 5 years, which is less than the current yield.
Ames National has a history of paying dividends since 2000. Our records of ATLO show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 1.9% since one year ago. And with the stock price down by 23% from a year ago, the dividend yield has grown by 33%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jul 31, 2023 | Aug 15, 2023 | May 10, 2023 | $0.27 | normal |
| Apr 28, 2023 | May 15, 2023 | Feb 8, 2023 | $0.27 | normal |
| Jan 31, 2023 | Feb 15, 2023 | Nov 9, 2022 | $0.27 | normal |
| Oct 31, 2022 | Nov 15, 2022 | Aug 10, 2022 | $0.27 | normal |
| Jul 29, 2022 | Aug 15, 2022 | May 11, 2022 | $0.27 | normal |
| Apr 28, 2022 | May 13, 2022 | Feb 9, 2022 | $0.27 | normal |
| Jan 31, 2022 | Feb 15, 2022 | Nov 10, 2021 | $0.26 | normal |
| Oct 29, 2021 | Nov 15, 2021 | Aug 17, 2021 | $0.26 | normal |
| Jul 29, 2021 | Aug 13, 2021 | Jul 15, 2021 | $0.26 | normal |
| Apr 29, 2021 | May 14, 2021 | Apr 15, 2021 | $0.26 | normal |
| Jan 29, 2021 | Feb 15, 2021 | Jan 13, 2021 | $0.25 | normal |
| Oct 29, 2020 | Nov 13, 2020 | Oct 14, 2020 | $0.25 | normal |
| Jul 30, 2020 | Aug 14, 2020 | Jul 8, 2020 | $0.25 | normal |
| Apr 30, 2020 | May 15, 2020 | Feb 12, 2020 | $0.25 | normal |
| Jan 30, 2020 | Feb 14, 2020 | Nov 13, 2019 | $0.24 | normal |
| Oct 31, 2019 | Nov 15, 2019 | Aug 14, 2019 | $0.24 | normal |
| Jul 31, 2019 | Aug 15, 2019 | May 8, 2019 | $0.24 | normal |
| Apr 30, 2019 | May 15, 2019 | Feb 13, 2019 | $0.24 | normal |
| Jan 31, 2019 | Feb 15, 2019 | Nov 14, 2018 | $0.23 | normal |
| Oct 31, 2018 | Nov 15, 2018 | Aug 8, 2018 | $0.23 | normal |
| Jul 31, 2018 | Aug 15, 2018 | May 9, 2018 | $0.23 | normal |
| Apr 30, 2018 | May 15, 2018 | Feb 14, 2018 | $0.25 | special |
| Apr 30, 2018 | May 15, 2018 | Feb 14, 2018 | $0.23 | normal |
| Jan 31, 2018 | Feb 15, 2018 | Nov 8, 2017 | $0.22 | normal |
| Oct 31, 2017 | Nov 15, 2017 | Aug 9, 2017 | $0.22 | normal |
| Jul 28, 2017 | Aug 15, 2017 | May 10, 2017 | $0.22 | normal |
| Apr 27, 2017 | May 15, 2017 | Feb 8, 2017 | $0.22 | normal |
| Jan 30, 2017 | Feb 15, 2017 | Nov 9, 2016 | $0.21 | normal |
| Oct 28, 2016 | Nov 15, 2016 | Aug 10, 2016 | $0.21 | normal |
| Jul 28, 2016 | Aug 15, 2016 | May 11, 2016 | $0.21 | normal |
| Apr 27, 2016 | May 15, 2016 | Feb 10, 2016 | $0.21 | normal |
Ames National's payout ratio of 61.4% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 33.4%, Ames National's payout ratio is 84% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ATLO Ames National Corp | 6.51% | $1.08 | 61.4% |
| WTBA West Bancorporation Inc | 6.13% | $1 | 48.5% |
| USB Us Bancorp | 5.9% | $1.92 | 53.3% |
| MOFG MidWestOne Financial Group Inc | 4.8% | $0.97 | 34.8% |
| LARK Landmark Bancorp Inc | 4.69% | $0.83 | 41.7% |
| HWBK Hawthorn Bancshares Inc | 4.16% | $0.68 | 30.9% |
| GSBC Great Southern Bancorp Inc | 3.32% | $1.6 | 24.6% |
| WFC Wells Fargo & Company | 3.06% | $1.25 | 30.9% |
| UMBF Umb Financial Corp | 2.49% | $1.52 | 19.8% |
| CBSH Commerce Bancshares Inc | 2.26% | $1.08 | 26.9% |
| QCRH Qcr Holdings Inc | 0.5% | $0.24 | 3.5% |
Yes, Ames National has paid four dividends in the last 12 months. ATLO has been paying dividends since 2000.
ATLO's next dividend is scheduled on Oct 31, 2023 (ex-date).
Ames National's last dividend ex-date was on Jul 31, 2023. The dividend amount was $0.27 per share.
On an annual basis ATLO pays $1.08 per share.
Ames National's current dividend yield is 6.39%.
Ames National pays dividends quarterly.
Ames National's dividend payout ratio is 61.4%.
Ames National's dividend yield is more than the Financial Services sector average.