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Understanding Ames National's Ex-Dividend Date

Author: Benzinga Insights | July 28, 2021 10:47am

On July 14, 2021, Ames National (NASDAQ:ATLO) announced shareholders can expect to receive a dividend payable on August 13, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Ames National, whose current dividend payout is $0.26, has an ex-dividend date set at July 29, 2021. The payout equates to a dividend yield of 4.4% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Ames National's Dividend Payouts And Yields

Over the past year, Ames National has seen its dividend payouts climb upward and its yields trend downward. Last year on July 30, 2020 the company's payout sat at $0.25, which has since increased by $0.01. Ames National's dividend yield last year was 5.34%, which has since decreased by 0.94%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted In: ATLO