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. 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 of this dividend is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Up 0.4%

NASDAQ:SATA traded up $0.40 during trading hours on Thursday, hitting $98.07. The stock had a trading volume of 361,494 shares, compared to its average volume of 324,974. The firm has a 50 day simple moving average of $99.82. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insiders Place Their Bets

In other news, Director Pierre Rochard purchased 15,900 shares of the company’s stock in a transaction that occurred on 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 purchase, the director directly owned 15,900 shares of the company’s stock, valued at approximately $199,386. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan R. Macey sold 6,700 shares of the business’s stock in a transaction 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 owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,620 shares of company stock valued at $1,325,038.