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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Tuesday, October 13th. 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 Down 1.1%

Shares of SATA Technology stock traded down $1.12 during trading hours on Wednesday, reaching $97.67. 1,178,910 shares of the company’s stock were exchanged, compared to its average volume of 324,844. SATA Technology has a 52-week low of $79.01 and a 52-week high of $101.35. The company’s fifty day moving average is $99.82.

Key Stories Impacting SATA Technology

Here are the key news stories impacting SATA Technology this week:

• Positive Sentiment: The dividend increase is the primary company-specific development and may provide modest support for SATA shares, although the payout is relatively small and the ex-dividend date is not until November 27.
• Neutral Sentiment: SATA also has a previously announced $0.0516-per-share dividend payable October 23 to shareholders of record October 22. Multiple reports during the period repeat the same dividend announcements rather than indicating additional payments or new developments.
• Neutral Sentiment: A separate report about Strive, Inc.’s proposed offering of SATS preferred stock concerns a different company and security; it does not appear to affect SATA Technology.