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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Wednesday, October 14th. Stockholders 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 Trading Up 0.2%

Shares of NASDAQ SATA traded up $0.18 during midday trading on Thursday, hitting $97.85. 722,715 shares of the company’s stock were exchanged, compared to its average volume of 326,861. The business’s 50 day moving average is $99.82. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35.

Insider Transactions at SATA Technology

In other news, CFO Benjamin Pham sold 4,209 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 $131,867.97. Following the completion of the transaction, the chief financial officer owned 17,365 shares of the company’s stock, valued at approximately $544,045.45. This represents a 19.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 completion of the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. The trade was 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. Insiders sold 42,620 shares of company stock worth $1,325,038 over the last quarter.