Shares of Tectonic Financial, Inc. (NASDAQ:TECTP – Get Free Report) dropped 0.1% during trading on Friday . The stock traded as low as $10.38 and last traded at $10.39. Approximately 3,500 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 2,800 shares. The stock had previously closed at $10.40.
Tectonic Financial Trading Down 0.1 %
The business’s 50-day moving average is $10.38 and its two-hundred day moving average is $10.35.
Tectonic Financial Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.3092 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.24 annualized dividend and a dividend yield of 11.90%.
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.
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