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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. Shareholders 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 Stock Performance

Shares of SATA traded down $0.96 during mid-day trading on Friday, reaching $96.89. The company’s stock had a trading volume of 588,706 shares, compared to its average volume of 328,228. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35. The firm’s 50 day moving average price is $99.71.

Insider Transactions at SATA Technology

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