SATA Technology Co., Ltd. (NASDAQ:SATA) Increases Dividend to $0.06 Per Share

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

SATA Technology Trading Down 1.0%

NASDAQ SATA traded down $0.96 on Friday, hitting $96.89. 588,706 shares of the stock were exchanged, compared to its average volume of 328,228. The business has a fifty day simple moving average of $99.71. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

Insider Activity at SATA Technology

In other news, Director Jonathan R. Macey sold 6,700 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the transaction, the director directly owned 8,115 shares in the company, valued at $246,046.80. The trade was a 45.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the sale, the chief marketing officer directly owned 11,795 shares in the company, valued at approximately $369,537.35. The trade was a 32.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 42,620 shares of company stock worth $1,325,038 over the last ninety days.