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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. Investors of record on Friday, November 27th will be paid 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%

Shares of NASDAQ:SATA opened at $97.85 on Friday. The company’s 50-day moving average is $99.77. SATA Technology has a one year low of $79.01 and a one year high of $101.35.

Insiders Place Their Bets

In related news, Director Pierre Rochard acquired 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, for a total transaction of $199,386.00. Following the purchase, the director directly owned 15,900 shares of the company’s stock, valued at $199,386. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Lavish sold 6,000 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 42,620 shares of company stock valued at $1,325,038.