Tectonic Financial, Inc. (TECTP) To Go Ex-Dividend on August 5th

Tectonic Financial, Inc. (NASDAQ:TECTP) declared a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Shareholders of record on Monday, August 5th will be given a dividend of 0.3144 per share on Thursday, August 15th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.09%. The ex-dividend date of this dividend is Monday, August 5th. This is an increase from Tectonic Financial’s previous quarterly dividend of $0.23.

Tectonic Financial Stock Down 0.7 %

NASDAQ TECTP opened at $10.40 on Friday. The company has a fifty day simple moving average of $10.33 and a two-hundred day simple moving average of $10.25. Tectonic Financial has a 12-month low of $9.80 and a 12-month high of $11.68.

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.