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

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

SATA Technology Price Performance

Shares of SATA stock opened at $97.72 on Friday. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35. The stock has a fifty day moving average price of $99.58.

Insider Activity

In related news, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $176,513.22. Following the completion of the sale, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents a 32.33% decrease in their ownership of the stock. The transaction 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 Pierre Rochard acquired 15,900 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of $12.54 per share, with a total value of $199,386.00. Following the completion of the purchase, the director owned 15,900 shares of the company’s stock, valued at $199,386. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, 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.