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

Tectonic Financial, Inc. (NASDAQ:TECTP) declared a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Friday, May 3rd will be given a dividend of 0.225 per share on Wednesday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend is Thursday, May 2nd.

Tectonic Financial Stock Performance

Shares of NASDAQ:TECTP opened at $10.39 on Tuesday. Tectonic Financial has a fifty-two week low of $9.80 and a fifty-two week high of $10.43. The company’s 50-day moving average price is $10.20 and its 200 day moving average price is $10.13.

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.