Ames National Corporation
ATLOFinancial Services · Stock · quarterly payer
Forward Yield
2.95%
Annual Dividend
$0.96
Payout Ratio
34%
5-Yr Growth
-4.2%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of September 2026, Ames National Corporation (ATLO) yields 2.95% ($0.96 per share annually), with a blended fair-value estimate of $55.93 — +72% upside, so it screens as undervalued. Dividend safety grade: C (64/100).
Is ATLO a good dividend stock?
Yes, with caveatsAmes National Corporation (ATLO) pays a quarterly dividend yielding 2.95% ($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
- 2.95%
- 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
- 0.30
- Market Cap
- $286.1M
- P/E Ratio
- 12.5
- 5-Yr Total Return
- 40%
- 52-Week Range
- $19.56 – $32.53
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
ATLO Price — Last 12 Months
Daily close
Price Return
1 Year
+60%
3 Years
+96%
5 Years
+40%
52-Week Range
$19.56 – $32.53
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ATLO worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Ames National Corporation is $55.93 per share, versus a market price of $32.44. That implies 72% of upside — a margin of safety of about 42%.
Fair Value
$55.93
Current Price
$32.44
Upside
+72%
Margin of Safety
42%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 10.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 10.1% stage-1 growth, 2.5% terminal growth, $2.59 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.2400 | regular |
| Jun 1, 2026 | — | $0.2400 | regular |
| Feb 27, 2026 | — | $0.2400 | regular |
| Dec 1, 2025 | — | $0.2000 | regular |
| Aug 29, 2025 | — | $0.2000 | regular |
| May 30, 2025 | — | $0.2000 | regular |
| Jan 31, 2025 | — | $0.2000 | regular |
| Nov 1, 2024 | — | $0.2000 | regular |
| Aug 1, 2024 | — | $0.2700 | regular |
| Apr 30, 2024 | — | $0.2700 | regular |
| Jan 31, 2024 | — | $0.2700 | regular |
| Oct 31, 2023 | — | $0.2700 | regular |
| Jul 31, 2023 | — | $0.2700 | regular |
| Apr 28, 2023 | — | $0.2700 | regular |
Income Calculator
At $0.96 / yr per share
