SATA Technology Co., Ltd. (NASDAQ:SATA) Increases Dividend to $0.06 Per Share

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Thursday, October 15th. Stockholders 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 1.0%

SATA traded down $0.96 during trading on Friday, hitting $96.89. 588,706 shares of the stock traded hands, compared to its average volume of 328,228. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35. The company has a 50-day moving average price of $99.71.

Insider Buying and Selling

In other news, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction on 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 owned 8,815 shares in the company, valued at $271,061.25. This trade represents a 40.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan R. Macey sold 6,700 shares of SATA Technology stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the transaction, the director directly owned 8,115 shares in the company, valued at approximately $246,046.80. The trade was a 45.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,620 shares of company stock worth $1,325,038 over the last quarter.