SATA Technology Co., Ltd. (SATA) to Issue Dividend of $0.06 on November 30th

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. Stockholders 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 1.0%

Shares of NASDAQ:SATA traded down $0.96 during midday trading on Friday, hitting $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 business’s 50 day moving average is $99.71.

Insider Buying and Selling

In other SATA Technology news, CFO Benjamin Pham sold 4,209 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $131,867.97. Following the completion of the sale, the chief financial officer owned 17,365 shares in the company, valued at approximately $544,045.45. This represents a 19.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 that occurred on Monday, October 5th. The stock was sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the transaction, the director directly owned 8,115 shares in the company, valued at $246,046.80. This trade represents a 45.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,620 shares of company stock worth $1,325,038 in the last 90 days.