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

Tectonic Financial, Inc. (NASDAQ:TECTP) declared a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors 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 yield of 8.67%. The ex-dividend date is Thursday, May 2nd.

Tectonic Financial Price Performance

NASDAQ TECTP opened at $10.39 on Tuesday. Tectonic Financial has a 1-year low of $9.80 and a 1-year high of $10.43. The stock’s 50 day moving average is $10.20 and its two-hundred day moving average 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.