SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) 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 0.5%
SATA traded down $0.47 on Friday, reaching $97.38. The company’s stock had a trading volume of 460,879 shares, compared to its average volume of 327,466. The business has a 50 day simple moving average of $99.77. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.
Insider Activity
In related news, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the transaction, the chief marketing officer owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Benjamin Pham sold 4,209 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $131,867.97. Following the completion of the transaction, the chief financial officer owned 17,365 shares in the company, valued at $544,045.45. This represents a 19.51% decrease in their position. 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. Insiders have sold 42,620 shares of company stock valued at $1,325,038 in the last 90 days.
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