Tectonic Financial, Inc. (NASDAQ:TECTP) Declares $0.23 Quarterly Dividend

Tectonic Financial, Inc. (NASDAQ:TECTP) announced a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Investors of record on Friday, May 3rd will be paid a dividend of 0.225 per share on Wednesday, May 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend is Thursday, May 2nd.

Tectonic Financial Trading Up 1.3 %

Shares of TECTP traded up $0.13 during mid-day trading on Friday, reaching $10.39. The stock had a trading volume of 4,415 shares, compared to its average volume of 2,770. Tectonic Financial has a 52-week low of $9.80 and a 52-week high of $10.43. The business’s fifty day moving average is $10.19 and its 200 day moving average is $10.13.

Tectonic Financial Company Profile

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.