SATA Technology Co., Ltd. (NASDAQ:SATA) Plans Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. Investors of record on Friday, November 27th will be paid a dividend of $0.0571 per share on Monday, November 30th. The ex-dividend date of this dividend is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Trading Down 0.1%

NASDAQ SATA traded down $0.07 during trading hours on Friday, hitting $97.78. The company had a trading volume of 130,449 shares, compared to its average volume of 325,675. The business’s 50 day moving average is $99.77. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insider Buying and Selling

In other news, CMO Arshia Sarkhani sold 5,634 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the completion of the sale, the chief marketing officer owned 11,795 shares in the company, valued at approximately $369,537.35. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jonathan R. Macey sold 6,700 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the sale, the director owned 8,115 shares in the company, valued at approximately $246,046.80. The trade was a 45.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 42,620 shares of company stock valued at $1,325,038.