SATA Technology Co., Ltd. (NASDAQ:SATA) Declares Dividend of $0.06

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

SATA Technology stock traded down $1.12 during trading hours on Wednesday, reaching $97.67. 1,178,910 shares of the company’s stock traded hands, compared to its average volume of 324,844. The business’s 50 day moving average price is $99.82. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insiders Place Their Bets

In other news, Director Pierre Rochard acquired 15,900 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the acquisition, the director owned 15,900 shares in the company, valued at $199,386. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the completion of the sale, the insider owned 41,425 shares of the company’s stock, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 42,620 shares of company stock worth $1,325,038 over the last three months.