Tectonic Financial (NASDAQ:TECTP) Shares Down 0.1% – Here’s What Happened

Shares of Tectonic Financial, Inc. (NASDAQ:TECTP) dropped 0.1% during trading on Friday . The company traded as low as $10.38 and last traded at $10.39. Approximately 3,500 shares traded hands during trading, an increase of 25% from the average daily volume of 2,800 shares. The stock had previously closed at $10.40.

Tectonic Financial Price Performance

The firm has a 50-day moving average of $10.38 and a two-hundred day moving average of $10.35.

Tectonic Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.3092 dividend. This represents a $1.24 annualized dividend and a dividend yield of 11.90%. The ex-dividend date was Tuesday, November 5th.

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.