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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared 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 of this dividend is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Price Performance

Shares of SATA stock traded down $0.03 on Thursday, hitting $97.64. 580,039 shares of the stock traded hands, compared to its average volume of 325,898. The business has a 50 day moving average price of $99.82. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

Insider Activity

In related news, CMO Arshia Sarkhani sold 5,634 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $176,513.22. Following the sale, the chief marketing officer owned 11,795 shares in the company, valued at approximately $369,537.35. The trade was 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, Director Pierre Rochard purchased 15,900 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $12.54 per share, with a total value of $199,386.00. Following the transaction, the director owned 15,900 shares of the company’s stock, valued at $199,386. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 42,620 shares of company stock worth $1,325,038.