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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Friday, October 23rd. Shareholders of record on Wednesday, November 4th will be paid a dividend of $0.0571 per share on Thursday, November 5th. The ex-dividend date is Wednesday, November 4th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Down 0.4%

Shares of SATA Technology stock traded down $0.34 during mid-day trading on Friday, reaching $97.61. 47,270 shares of the stock were exchanged, compared to its average volume of 329,668. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35. The company has a 50-day simple moving average of $99.58.

Insider Activity

In other news, CFO Benjamin Pham sold 4,209 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 value of $131,867.97. Following the transaction, the chief financial officer directly owned 17,365 shares of the company’s stock, valued at $544,045.45. The trade was a 19.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $629,012.41. Following the sale, the insider owned 41,425 shares in the company, valued at approximately $1,297,845.25. This trade represents a 32.64% decrease in their ownership of the stock. 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 three months, insiders sold 42,620 shares of company stock valued at $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.