SATA Technology Co., Ltd. (NASDAQ:SATA) Plans Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Thursday, October 22nd. Shareholders 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 Stock Down 0.2%

Shares of SATA Technology stock opened at $97.96 on Friday. SATA Technology has a one year low of $79.01 and a one year high of $101.35. The stock’s fifty day moving average price is $99.58.

Insiders Place Their Bets

In other news, Director James Lavish sold 6,000 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Benjamin Pham sold 4,209 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $131,867.97. Following the transaction, the chief financial officer directly owned 17,365 shares of the company’s stock, valued at $544,045.45. This represents a 19.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 42,620 shares of company stock valued at $1,325,038.

SATA Technology Company Profile

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.