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DALLAS, TX – Tectonic Financial, Inc. (NASDAQ:TECTP), a Texas-based state commercial bank currently trading at $10.55 per share with an impressive 11.46% dividend yield, announced today that its Board of Directors has declared quarterly dividends for both its Series B preferred stock and common stock shareholders. According to InvestingPro, the company has demonstrated solid growth with a 9.66% increase in revenue over the last twelve months.
The company will pay a cash dividend of $0.2731945 per share on its 9.00% Fixed-to-Floating Rate Series B Noncumulative Perpetual Preferred Stock. This dividend covers the period from February 18, 2025, to May 14, 2025, and will be payable on May 15, 2025, to shareholders of record as of May 5, 2025.
In addition, Tectonic Financial has declared a cash dividend of $0.10 per share on its common stock, also to be paid on May 15, 2025, to shareholders of record at the close of business on May 5, 2025.
This announcement follows the company’s commitment to delivering value to its shareholders and reflects the consistent performance of Tectonic Financial, which generated $72.24 million in revenue over the last twelve months. Dividend declarations are a common practice among publicly traded companies, providing a way to return profits back to shareholders. For detailed financial analysis and additional insights, visit InvestingPro, which offers comprehensive metrics and expert recommendations.
The dividends are expected to be distributed to the holders of the preferred and common shares who are on the company’s books by the record date in early May. Tectonic Financial has a history of paying dividends, and these latest declarations are in line with the company’s previous distributions.
The information in this article is based on a press release statement from Tectonic Financial, Inc. and is provided without any additional commentary or speculation regarding the company’s financial position or future performance.
In other recent news, Tectonic Financial, Inc. has declared quarterly dividends for its shareholders. The company’s Board of Directors announced that preferred and common stockholders will receive cash dividends in February. Specifically, a dividend of $0.3036060 per share will be paid for the 9.00% Fixed-to-Floating Rate Series B Noncumulative Perpetual Preferred Stock, with a payment date set for February 18, 2025. Additionally, a $0.10 per share dividend will be distributed on the company’s common stock on the same date. In another development, Tectonic Financial appointed Mr. Thomas H. Henley as a new board director. Mr. Henley, who brings extensive private equity investing experience, will serve until the next annual shareholders meeting. His appointment fills a vacancy on the board, and his compensation aligns with the company’s non-employee director compensation policy. Tectonic Financial has yet to determine Mr. Henley’s committee assignments within the board.
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