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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. 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 of this dividend is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Down 1.1%

SATA opened at $97.67 on Thursday. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35. The firm’s 50 day moving average is $99.82.

Insider Buying and Selling

In other news, Director Jonathan R. Macey sold 6,700 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the sale, the director owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the sale, the chief marketing officer owned 11,795 shares of the company’s stock, valued at $369,537.35. This trade represents a 32.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 42,620 shares of company stock worth $1,325,038.