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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced 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 Price Performance

Shares of SATA Technology stock traded up $0.12 during trading on Thursday, reaching $97.80. The stock had a trading volume of 631,309 shares, compared to its average volume of 326,284. The business’s fifty day simple moving average is $99.82. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

Insider Buying and Selling at SATA Technology

In other SATA Technology news, insider Brian Logan Beirne sold 20,077 shares of the company’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 transaction 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 represents a 32.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Pierre Rochard purchased 15,900 shares of SATA Technology stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $12.54 per share, with a total value of $199,386.00. Following the transaction, the director owned 15,900 shares in the company, valued at approximately $199,386. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 42,620 shares of company stock valued at $1,325,038 in the last 90 days.