SATA Technology Co., Ltd. (NASDAQ:SATA) Plans 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 Down 0.6%

SATA Technology stock traded down $0.58 during trading on Friday, hitting $97.27. The stock had a trading volume of 411,849 shares, compared to its average volume of 327,208. The company’s 50 day moving average price is $99.77. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35.

Insider Activity

In other SATA Technology news, CFO Benjamin Pham sold 4,209 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $131,867.97. Following the completion of the transaction, the chief financial officer owned 17,365 shares of the company’s stock, valued at $544,045.45. The trade was a 19.51% decrease in their position. 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, Director Jonathan R. Macey sold 6,700 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the completion of the transaction, the director directly owned 8,115 shares in the company, valued at approximately $246,046.80. This represents a 45.22% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 42,620 shares of company stock worth $1,325,038.