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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. 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 Price Performance

NASDAQ:SATA opened at $97.67 on Thursday. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35. The firm has a fifty day moving average price of $99.82.

Insider Activity

In other news, insider Brian Logan Beirne sold 20,077 shares of SATA Technology stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the completion of the transaction, the insider owned 41,425 shares of the company’s stock, valued at $1,297,845.25. This trade represents a 32.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 SATA Technology 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 completion of the transaction, the director directly owned 8,115 shares of the company’s stock, valued at approximately $246,046.80. This trade represents a 45.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 42,620 shares of company stock valued at $1,325,038.