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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared 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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Price Performance

SATA stock traded down $0.96 on Friday, reaching $96.89. 588,706 shares of the company’s stock were exchanged, compared to its average volume of 328,228. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35. The company has a fifty day moving average of $99.71.

Insider Activity at SATA Technology

In related news, CMO Arshia Sarkhani sold 5,634 shares of SATA Technology stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.75, for a total value of $184,500.00. Following the transaction, the director directly owned 8,815 shares of the company’s stock, valued at approximately $271,061.25. This represents a 40.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 in the last ninety days.