Tectonic Financial, Inc. (TECTP) To Go Ex-Dividend on February 6th

Tectonic Financial, Inc. (NASDAQ:TECTP) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 6th will be paid a dividend of 0.2769 per share on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Friday, February 6th.

Tectonic Financial Price Performance

Shares of NASDAQ TECTP opened at $10.25 on Thursday. The firm has a fifty day moving average of $10.75 and a 200-day moving average of $10.83. Tectonic Financial has a 52-week low of $9.83 and a 52-week high of $12.08.

About Tectonic Financial

Tectonic Financial (NASDAQ: TECTP) is a special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses in the financial technology sector. Incorporated in Delaware, the company completed its initial public offering on the Nasdaq exchange, where it raised capital to pursue merger opportunities with innovative fintech enterprises. As a blank‐check vehicle, Tectonic Financial has no commercial operations of its own but instead works through its management team and board advisors to source target companies that exhibit strong growth potential, scalable business models and strategic alignment with evolving digital finance trends.

The company’s main activities involve conducting rigorous due diligence on prospective targets, structuring transactions and managing the business combination process under the rules governing SPACs in the United States.