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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared 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 Stock Down 0.9%

NASDAQ SATA traded down $0.86 during trading hours on Friday, hitting $96.98. 446,192 shares of the stock were exchanged, compared to its average volume of 327,428. The stock has a 50-day moving average of $99.77. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35.

Insider Activity at SATA Technology

In related news, Director James Lavish sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the sale, the director owned 8,815 shares in the company, valued at $271,061.25. This trade represents a 40.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Arshia Sarkhani sold 5,634 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the sale, the chief marketing officer owned 11,795 shares of the company’s stock, valued at $369,537.35. This trade represents a 32.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 42,620 shares of company stock worth $1,325,038.