SATA Technology Co., Ltd. (NASDAQ:SATA) to Issue 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 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%

SATA opened at $97.85 on Friday. The firm has a fifty day simple moving average of $99.77. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Activity

In related news, Director Pierre Rochard acquired 15,900 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the acquisition, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Lavish sold 6,000 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.75, for a total transaction of $184,500.00. Following the completion of the transaction, the director directly owned 8,815 shares in the company, valued at $271,061.25. The trade was a 40.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 42,620 shares of company stock valued at $1,325,038.