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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Performance

SATA stock opened at $97.85 on Friday. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35. The business’s 50 day moving average is $99.77.

Insiders Place Their Bets

In related news, insider Brian Logan Beirne sold 20,077 shares of SATA Technology stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the sale, the insider directly owned 41,425 shares in the company, valued at $1,297,845.25. This trade represents a 32.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the sale, the director directly owned 8,115 shares of the company’s stock, valued at approximately $246,046.80. This trade represents a 45.22% decrease in their ownership of the stock. 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 worth $1,325,038.