SATA Technology Co., Ltd. (SATA) to Distribute Dividend of $0.06 on November 30th

SATA Technology Co., Ltd. (NASDAQ:SATA) announced 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 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 midday trading on Friday, reaching $96.89. The company had a trading volume of 588,706 shares, compared to its average volume of 328,228. The company’s 50-day moving average price is $99.71. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35.

Insider Activity

In other SATA Technology news, Director James Lavish sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the transaction, the director directly owned 8,815 shares in the company, valued at $271,061.25. This represents a 40.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value 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 $369,537.35. The trade was a 32.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 42,620 shares of company stock worth $1,325,038.