Ames National Corporation
ATLOFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
2.98%
Annual Dividend
$0.96
Payout Ratio
34%
5-Yr Growth
-4.2%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Key facts about ATLO's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Ames National Corporation (ATLO) has a forward dividend yield of 2.98%, based on an annual dividend of $0.96 per share and a share price of $32.17.
- As of Oct 18, 2026, ATLO's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
- ATLO last cut its regular dividend in 2025.
- ATLO's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.24 per share.
- As of Oct 18, 2026, ATLO pays out 34% of its trailing 12-month earnings as dividends (its payout ratio).
- ATLO's dividend has shrunk at an average rate of 4.2% a year over the past five years.
- As of Oct 18, 2026, ATLO's 2.98% yield is 38% below its five-year average yield of 4.77%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for ATLO is $42.63 per share, 33% above the $32.17 share price, so ATLO screens as undervalued.
- Ames National Corporation (ATLO) pays its dividend quarterly, 4 times a year.
- Ames National Corporation (ATLO) has raised its regular dividend 22 times and cut it 2 times across the 103 payments on record since 2000. Its most recent change was a 20.0% increase to $0.240 per share, going ex-dividend on Feb 27, 2026. The last cut went ex-dividend on Nov 1, 2024.
Cite this page
SmarterDividends, "ATLO Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/ATLO
Summary
As of Oct 18, 2026, Ames National Corporation (ATLO) yields 2.98% ($0.96 a year per share) and has a dividend safety grade of C (64/100).
Is ATLO a good dividend stock?
Yes, with caveatsAmes National Corporation (ATLO) pays a quarterly dividend yielding 2.98% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (34%)
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 2.98%
- Payout Ratio
- 34%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- -4.2%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $284.9M
- P/E Ratio
- 12.5
- 5-Yr Total Return
- 31%
- 52-Week Range
- $19.68 – $32.86
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2025)
ATLO dividend raises and cuts
Ames National Corporation (ATLO) has raised its regular dividend 22 times and cut it 2 times across the 103 payments on record since 2000. Its most recent change was a 20.0% increase to $0.240 per share, going ex-dividend on Feb 27, 2026. The last cut went ex-dividend on Nov 1, 2024.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 27, 2026 | Raise | $0.200 → $0.240 | +20.0% |
| Nov 1, 2024 | Cut | $0.270 → $0.200 | −25.9% |
| Apr 28, 2022 | Raise | $0.260 → $0.270 | +3.8% |
| Apr 29, 2021 | Raise | $0.250 → $0.260 | +4.0% |
| Apr 30, 2020 | Raise | $0.240 → $0.250 | +4.2% |
| Apr 30, 2019 | Raise | $0.230 → $0.240 | +4.3% |
| Jul 31, 2018 | Raise | $0.220 → $0.230 | +4.5% |
| Apr 27, 2017 | Raise | $0.210 → $0.220 | +4.8% |
| Apr 27, 2016 | Raise | $0.200 → $0.210 | +5.0% |
| Apr 29, 2015 | Raise | $0.180 → $0.200 | +11.1% |
| Apr 29, 2014 | Raise | $0.160 → $0.180 | +12.5% |
| Apr 29, 2013 | Raise | $0.150 → $0.160 | +6.7% |
Show all 24 changes since 2001
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 27, 2012 | Raise | $0.130 → $0.150 | +15.4% |
| Apr 28, 2011 | Raise | $0.110 → $0.130 | +18.2% |
| Apr 29, 2010 | Raise | $0.100 → $0.110 | +10.0% |
| Apr 29, 2009 | Cut | $0.280 → $0.100 | −64.3% |
| Apr 29, 2008 | Raise | $0.270 → $0.280 | +3.7% |
| Apr 27, 2007 | Raise | $0.260 → $0.270 | +3.8% |
| Apr 27, 2006 | Raise | $0.250 → $0.260 | +4.0% |
| Apr 28, 2005 | Raise | $0.163 → $0.250 | +53.1% |
| Sep 14, 2004 | Raise | $0.153 → $0.163 | +6.5% |
| Jul 30, 2003 | Raise | $0.147 → $0.153 | +4.5% |
| Jun 13, 2002 | Raise | $0.140 → $0.147 | +4.8% |
| Jun 14, 2001 | Raise | $0.133 → $0.140 | +5.0% |
Frequently Asked Questions
Is ATLO a good dividend stock?
Yes, with caveats. Ames National Corporation (ATLO) pays a quarterly dividend yielding 2.98% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is ATLO undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ATLO's fair value is about $42.63 versus a $32.17 share price — so it looks undervalued (+33% vs. fair value).
Is ATLO's dividend safe?
ATLO has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.
What is ATLO's fair value?
Our blended fair-value estimate for ATLO is about $42.63 per share, roughly 33% above the current $32.17 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ATLO a buy, hold, or sell?
We don't issue formal ratings, but on the data ATLO screens as "yes, with caveats" and undervalued. Ames National Corporation (ATLO) pays a quarterly dividend yielding 2.98% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will ATLO cut its dividend?
ATLO earns a dividend-safety grade of C (64/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ATLO pay a dividend?
Yes. Ames National Corporation pays a quarterly dividend of about $0.96 per share annually, a forward yield of roughly 2.98%.
What is ATLO's dividend yield?
As of Oct 18, 2026, ATLO's forward dividend yield is 2.98%, based on a $0.96 annual dividend and a $32.17 share price.
What is ATLO's dividend per share?
As of Oct 18, 2026, ATLO pays $0.96 per share per year, distributed on a quarterly basis.
What is ATLO's dividend payout ratio?
As of Oct 18, 2026, ATLO's payout ratio is 34% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has ATLO grown its dividend?
ATLO does not currently have a long dividend-growth streak on record.
When is the next ATLO ex-dividend date?
As of Oct 18, 2026, ATLO's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.24 per share.
ATLO Price — Last 12 Months
Daily close
Price Return
1 Year
+47%
3 Years
+74%
5 Years
+31%
52-Week Range
$19.68 – $32.86
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ATLO worth?
Undervaluedlow confidenceOur blended fair-value estimate for Ames National Corporation is $42.63 per share, versus a market price of $32.17. That implies 33% of upside — a margin of safety of about 25%.
Fair Value
$42.63
Current Price
$32.17
Upside
+33%
Margin of Safety
25%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), 10.1% growth for five years fading to 2.5% over the next five, $2.58 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ATLO Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ATLO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | Sep 15, 2026 | $0.2400 | regular |
| Jun 1, 2026 | Jun 15, 2026 | $0.2400 | regular |
| Feb 27, 2026 | Mar 13, 2026 | $0.2400 | regular |
| Dec 1, 2025 | Dec 15, 2025 | $0.2000 | regular |
| Aug 29, 2025 | Sep 15, 2025 | $0.2000 | regular |
| May 30, 2025 | Jun 13, 2025 | $0.2000 | regular |
| Jan 31, 2025 | Feb 14, 2025 | $0.2000 | regular |
| Nov 1, 2024 | Nov 15, 2024 | $0.2000 | regular |
| Aug 1, 2024 | Aug 15, 2024 | $0.2700 | regular |
| Apr 30, 2024 | May 15, 2024 | $0.2700 | regular |
| Jan 31, 2024 | Feb 15, 2024 | $0.2700 | regular |
| Oct 31, 2023 | Nov 15, 2023 | $0.2700 | regular |
| Jul 31, 2023 | Nov 15, 2023 | $0.2700 | regular |
| Apr 28, 2023 | May 15, 2023 | $0.2700 | regular |
Income Calculator
At $0.96 / yr per share
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