Tectonic Financial (NASDAQ:TECTP) Trading Down 0% – What’s Next?

Tectonic Financial, Inc. (NASDAQ:TECTP)’s stock price traded down 0% during trading on Wednesday . The stock traded as low as $11.07 and last traded at $11.0450. 595 shares traded hands during trading, a decline of 85% from the average session volume of 3,926 shares. The stock had previously closed at $11.05.

Tectonic Financial Stock Down 0.0%

The business has a fifty day moving average of $11.00 and a two-hundred day moving average of $10.79.

Tectonic Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were given a dividend of $0.2923 per share. The ex-dividend date was Friday, November 7th. This is a positive change from Tectonic Financial’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 10.6%.

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.