Tectonic Financial (NASDAQ:TECTP) Trading Down 0.6% – What’s Next?

Tectonic Financial, Inc. (NASDAQ:TECTP)’s share price traded down 0.6% during mid-day trading on Friday . The company traded as low as $10.79 and last traded at $10.84. 103 shares were traded during mid-day trading, a decline of 98% from the average session volume of 4,299 shares. The stock had previously closed at $10.91.

Tectonic Financial Price Performance

The stock’s 50-day moving average price is $10.78 and its 200-day moving average price is $10.61.

Tectonic Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a $0.2858 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.14 annualized dividend and a yield of 10.5%. This is a boost from Tectonic Financial’s previous quarterly dividend of $0.27.

Tectonic Financial Company Profile

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.