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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. 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 Stock Performance

Shares of NASDAQ:SATA traded down $0.96 on Friday, hitting $96.89. 588,706 shares of the company were exchanged, compared to its average volume of 328,228. The firm’s 50 day moving average price is $99.71. SATA Technology has a one year low of $79.01 and a one year high of $101.35.

Insider Transactions at SATA Technology

In other SATA Technology news, insider Brian Logan Beirne sold 20,077 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the transaction, the insider directly owned 41,425 shares in the company, valued at $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $176,513.22. Following the sale, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents a 32.33% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 42,620 shares of company stock valued at $1,325,038.