| ANNUAL
MEETING
The Board of Directors of Ames National
Corporation has established Wednesday, April 23,
2009, at 4:30 p.m. as the date of the Annual Meeting
of Shareholders. We invite all shareholders to
attend the meeting, which will be held at Reiman
Gardens, 1407 University Blvd., Ames, Iowa.
STOCK INFORMATION
Ames National
Corporation's common stock is listed in the
NASDAQ SmallCap Market under the symbol "ATLO".
Market makers and brokers in the stock include:
USB AG (515) 233-4064
Monroe Securities, Inc. (800) 766-5560
Howe Barnes Investments, Inc. (312) 655-3000
FTN Financial Group (800) 456-5460
Transfer Agent:
Illinois Stock Transfer Company
209 West Jackson Boulevard
Suite 903
Chicago, IL 60606
(312) 427-2953
The Company filings with the Securities
and Exchange Commission can be located at
www.sec.gov/edgar/searchedgar/companysearch.html
by typing “Ames National” in the company
search field.
MARKET PRICE &
DIVIDEND INFORMATION
On February 29, 2008,
the Company had approximately 561 shareholders and
an estimated 946 beneficial owners whose shares were
held in nominee titles through brokerage or other
accounts. The Company's common stock is traded on
the
NASDAQ Capital Market under the symbol “ATLO”.
Trading in the Company's common stock is, however,
relatively limited. The closing price of the
Company's common stock was $20.95 on February 29, 2008.
Below is a summary of the
Company's high and low sales price for the common
stock on a per share basis and the Company's
declared cash dividends since 2006
based on information provided to and gathered by the
Company on an informal basis. The Company declared
aggregate annual cash dividends in 2007 and 2006 of
$10,183,000 and $9,801,000, respectively, or $1.08
per share in 2007 and $1.04 per share in 2006. In
February 2008, the Company declared an aggregate
cash dividend of $2,640,000 or $.28 per share.
MARKET PRICE
& DIVIDEND COMPARISON
2008
|
Market Price |
Cash
Dividends |
|
Quarter
|
High |
Low |
Declared |
|
1st |
$20.95 |
$18.26 |
$0.27 |
|
2nd |
$22.94 |
$15.12 |
$0.28
|
|
|
2007
|
Market Price |
Cash
Dividends |
|
Quarter
|
High |
Low |
Declared |
|
1st |
$22.44 |
$20.56 |
$0.26 |
|
2nd |
$23.19 |
$21.00 |
$0.27 |
|
3rd |
$21.70 |
$19.06 |
$0.27 |
|
4th |
$21.75 |
$17.64 |
$0.27 |
|
|
2006
|
Market Price |
Cash
Dividends |
|
Quarter
|
High |
Low |
Declared |
|
1st |
$28.57 |
$22.85 |
$0.25 |
|
2nd |
$26.00 |
$19.75 |
$0.26 |
|
3rd |
$22.75 |
$21.41 |
$0.26 |
|
4th |
$22.69 |
$19.82 |
$0.26 |
|
|
The decision to declare any such
cash dividends in the future and the amount
thereof rests within the discretion of the Board
of Directors of the Company and will be subject
to, among other things, the future earnings,
capital requirements and financial condition of
the Company and certain regulatory restrictions
imposed on the payment of dividends by the
Banks. Such restrictions are discussed in
greater detail in Management's Discussion and
Analysis of Financial Condition and Results of
Operations – Liquidity and Capital Resources and
footnote 11 of the Company's financial
statements included in the 2007 Annual Report.
|
