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Date: 2/19/2018

Title: Ames National Corporation Announces a Dividend Increase and a Special Dividend (2/15/18)

AMES NATIONAL CORPORATION ANNOUNCES A DIVIDEND INCREASE AND A SPECIAL DIVIDEND

 

On February 14, 2018, Ames National Corporation declared a cash dividend of $0.23 per common share, which is a 4.5% increase from the previous dividend of $0.22 per share. The dividend is payable May 15, 2018, to shareholders of record at the close of business on May 1, 2018. The Company also declared a special one-time cash dividend of $0.25 per common share. This dividend is in addition to the Company’s normal quarterly dividend. The dividend is payable May 15, 2018, to shareholders of record at the close of business on May 1, 2018.

 

President, Chairman and CEO, Thomas Pohlman, commented, “Ames National Corporation continues to see solid balance sheet growth and strong returns on equity capital, and, therefore, has determined to return value to our shareholders through the regular quarterly dividend as well as a special dividend in May of 2018.”

 

 

About Ames National Corporation

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, 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.

For further information contact:
Thomas H. Pohlman, President and CEO
(515) 232-6251 or Tom.Pohlman@amesnational.com