Tectonic Financial, Inc. (NASDAQ:TECTP) Announces $0.31 Quarterly Dividend

Tectonic Financial, Inc. (NASDAQ:TECTP) declared a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Shareholders of record on Tuesday, November 5th will be given a dividend of 0.3092 per share on Friday, November 15th. This represents a $1.24 annualized dividend and a yield of 11.82%. The ex-dividend date is Tuesday, November 5th.

Tectonic Financial Stock Performance

TECTP traded down $0.02 on Tuesday, reaching $10.46. 500 shares of the company traded hands, compared to its average volume of 3,332. Tectonic Financial has a 52-week low of $9.80 and a 52-week high of $11.68. The stock’s 50 day moving average price is $10.37 and its 200-day moving average price is $10.33.

About Tectonic Financial

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.