Tectonic Financial, Inc. (NASDAQ:TECTP) to Issue Dividend Increase – $0.31 Per Share

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

Tectonic Financial Price Performance

Shares of NASDAQ TECTP opened at $10.40 on Friday. Tectonic Financial has a 12-month low of $9.80 and a 12-month high of $11.68. The company’s fifty day simple moving average is $10.33 and its 200 day simple moving average is $10.25.

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.