Ames National said on February 8, 2023 that its board of directors declared a regular quarterly dividend of $0.27 per share ($1.08 annualized). Shareholders of record as of April 28, 2023 will receive the payment on May 15, 2023. Previously, the company paid $0.27 per share.
At the current share price of $24.30 / share, the stock's dividend yield is 4.44%. Looking back five years and taking a sample every week, the average dividend yield has been 4.10%, the lowest has been 2.88%, and the highest has been 5.80%. The standard deviation of yields is 0.70 (n=236).
The current dividend yield is 0.48 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.50. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.13%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 87 funds or institutions reporting positions in Ames National. This is an increase of 4 owner(s) or 4.82% in the last quarter. Average portfolio weight of all funds dedicated to ATLO is 0.07%, an increase of 22.04%. Total shares owned by institutions increased in the last three months by 7.06% to 2,102K shares. The put/call ratio of ATLO is 0.00, indicating a bullish outlook.
What are large shareholders doing?
Fourthstone holds 311K shares representing 3.46% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 265K shares representing 2.95% ownership of the company. No change in the last quarter.
Stadium Capital Management holds 190K shares representing 2.12% ownership of the company. In it's prior filing, the firm reported owning 281K shares, representing a decrease of 47.54%. The firm decreased its portfolio allocation in ATLO by 25.97% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 119K shares representing 1.32% ownership of the company. In it's prior filing, the firm reported owning 121K shares, representing a decrease of 1.40%. The firm increased its portfolio allocation in ATLO by 0.30% over the last quarter.
Millennium Management holds 89K shares representing 0.99% ownership of the company. In it's prior filing, the firm reported owning 92K shares, representing a decrease of 2.61%. The firm decreased its portfolio allocation in ATLO by 7.12% over the last quarter.
Ames National Background Information
(This description is provided by the company.)
Ames National Corporation is listed on the NASDAQ Capital Market under the ticker symbol, ATLO. The Corporation affiliate banks, all located in central Iowa, include: First National Bank, Ames, Boone Bank & Trust Co., Boone, Iowa State Savings Bank, Creston, State Bank & Trust Co., Nevada, Reliance State Bank, Story City, and United Bank & Trust, Marshalltown. Information regarding the process for purchasing stock can be obtained through Richard Nelson at First Point Wealth Management, (515) 663-3074.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
