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 and industrial, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services. The company also provides trust, investment advisory, securities brokerage, factoring, third-party administration, recordkeeping, underwriting, and insurance services. It offers services through various delivery systems, including automated teller machines, mobile banking, and internet banking. Tectonic Financial, Inc. was formerly known as T Acquisition, Inc. and changed its name to Tectonic Financial, Inc. in May 2019. The company was incorporated in 2016 and is headquartered in Dallas, Texas.
Tectonic Financial Dividend Announcement
• Tectonic Financial announced a quarterly dividend of $0.00 per ordinary share which will be made payable on . Ex dividend date: 2024-11-05
• Tectonic Financial annual dividend for 2024 was $0.76
• Tectonic Financial annual dividend for 2023 was $0.90
• Tectonic Financial's trailing twelve-month (TTM) dividend yield is 7.23%
• Tectonic Financial's payout ratio for the trailing twelve months (TTM) is 32.86%
Tectonic Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-05 | $0.00 | quarterly | |
2024-08-05 | $0.31 | quarterly | 2024-08-15 |
2024-05-02 | $0.23 | quarterly | 2024-05-15 |
2024-02-02 | $0.23 | quarterly | 2024-02-15 |
2023-11-02 | $0.23 | quarterly | 2023-11-15 |
2023-08-03 | $0.23 | quarterly | 2023-08-15 |
2023-05-04 | $0.23 | quarterly | 2023-05-15 |
2023-02-02 | $0.23 | quarterly | 2023-02-15 |
2022-11-03 | $0.23 | quarterly | 2022-11-15 |
2022-08-04 | $0.23 | quarterly | 2022-08-15 |
2022-05-05 | $0.23 | quarterly | 2022-05-16 |
2022-02-03 | $0.23 | quarterly | 2022-02-15 |
2021-11-04 | $0.23 | quarterly | 2021-11-15 |
2021-08-05 | $0.23 | quarterly | 2021-08-16 |
2021-05-06 | $0.23 | quarterly | 2021-05-17 |
2021-02-04 | $0.23 | quarterly | 2021-02-15 |
2020-11-05 | $0.23 | quarterly | 2020-11-16 |
2020-08-06 | $0.23 | quarterly | 2020-08-17 |
2020-05-04 | $0.23 | quarterly | 2020-05-15 |
2020-02-04 | $0.23 | quarterly | 2020-02-17 |
2019-11-04 | $0.23 | quarterly | 2019-11-15 |
2019-08-02 | $0.23 | quarterly | 2019-08-15 |
Tectonic Financial Dividend per year
Tectonic Financial Dividend growth
Tectonic Financial Dividend Yield
Tectonic Financial current trailing twelve-month (TTM) dividend yield is 7.23%. Interested in purchasing Tectonic Financial stock? Use our calculator to estimate your expected dividend yield:
Tectonic Financial Financial Ratios
Tectonic Financial Dividend FAQ
Other factors to consider when evaluating Tectonic Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Tectonic Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Tectonic Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Tectonic Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Tectonic Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Tectonic Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Tectonic Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tectonic Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Tectonic Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Tectonic Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.