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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. 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 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 opened at $97.85 on Friday. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35. The firm’s 50-day simple moving average is $99.77.

Insiders Place Their Bets

In other SATA Technology news, CMO Arshia Sarkhani sold 5,634 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 $176,513.22. Following the completion of the sale, the chief marketing officer owned 11,795 shares in the company, valued at approximately $369,537.35. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 SATA Technology 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 completion of the sale, the insider owned 41,425 shares in the company, valued at approximately $1,297,845.25. This 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 quarter, insiders have sold 42,620 shares of company stock worth $1,325,038.