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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. 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 Performance

Shares of NASDAQ:SATA traded up $0.20 on Thursday, hitting $97.87. The company’s stock had a trading volume of 452,002 shares, compared to its average volume of 325,384. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35. The company’s 50-day moving average price is $99.82.

Insider Buying and Selling at SATA Technology

In other SATA Technology 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 sale, the director directly owned 8,815 shares in the company, valued at approximately $271,061.25. The trade was a 40.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Arshia Sarkhani sold 5,634 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $176,513.22. Following the sale, the chief marketing officer owned 11,795 shares in the company, valued at $369,537.35. This trade represents a 32.33% 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 sold 42,620 shares of company stock valued at $1,325,038.