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

Tectonic Financial, Inc. (NASDAQ:TECTP) announced a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 8.66%. The ex-dividend date is Thursday, May 2nd.

Tectonic Financial Trading Up 1.3 %

Shares of Tectonic Financial stock traded up $0.13 during trading hours on Friday, hitting $10.39. 4,415 shares of the company’s stock traded hands, compared to its average volume of 2,770. Tectonic Financial has a 12-month low of $9.80 and a 12-month high of $10.43. The company has a fifty day simple moving average of $10.19 and a 200-day simple moving average of $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.