Tectonic Financial (NASDAQ:TECTP) Stock Price Down 1.2% – Here’s What Happened

Tectonic Financial, Inc. (NASDAQ:TECTP)’s share price fell 1.2% on Tuesday . The company traded as low as $10.36 and last traded at $10.36. 488 shares were traded during trading, a decline of 86% from the average session volume of 3,566 shares. The stock had previously closed at $10.49.

Tectonic Financial Stock Performance

The stock’s fifty day moving average price is $10.40 and its two-hundred day moving average price is $10.33.

Tectonic Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.3092 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.94%.

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.