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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Wednesday, October 14th. Stockholders of record on Friday, November 27th will be given 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 Up 0.2%

Shares of SATA traded up $0.17 during mid-day trading on Thursday, reaching $97.84. 424,136 shares of the stock traded hands, compared to its average volume of 325,315. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35. The firm has a fifty day moving average of $99.82.

Insiders Place Their Bets

In related news, Director Pierre Rochard purchased 15,900 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the purchase, the director owned 15,900 shares in the company, valued at approximately $199,386. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Lavish sold 6,000 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.75, for a total transaction of $184,500.00. Following the completion of the sale, the director directly owned 8,815 shares in the company, valued at $271,061.25. This represents a 40.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 42,620 shares of company stock valued at $1,325,038.