Tectonic Financial, Inc. (NASDAQ:TECTP) Declares Quarterly Dividend of $0.27

Tectonic Financial, Inc. (NASDAQ:TECTP) announced a quarterly dividend on Monday, April 28th, Wall Street Journal reports. Investors of record on Monday, May 5th will be paid a dividend of 0.2732 per share on Thursday, May 15th. This represents a $1.09 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date is Monday, May 5th.

Tectonic Financial has raised its dividend payment by an average of 6.1% annually over the last three years.

Tectonic Financial Price Performance

Shares of TECTP opened at $10.64 on Tuesday. Tectonic Financial has a 1-year low of $9.95 and a 1-year high of $11.68. The firm has a fifty day moving average price of $10.48 and a 200 day moving average price of $10.44.

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.