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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Friday, October 16th. 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 Trading Down 1.0%

SATA traded down $0.96 during midday trading on Friday, hitting $96.89. 588,706 shares of the company were exchanged, compared to its average volume of 328,228. The business has a 50 day moving average price of $99.71. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Buying and Selling at SATA Technology

In other news, Director Pierre Rochard purchased 15,900 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $12.54 per share, with a total value of $199,386.00. Following the transaction, the director directly owned 15,900 shares of the company’s stock, valued at approximately $199,386. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Arshia Sarkhani sold 5,634 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the sale, the chief marketing officer owned 11,795 shares in the company, valued at approximately $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. In the last quarter, insiders sold 42,620 shares of company stock worth $1,325,038.

About SATA Technology

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.