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. Investors 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 Performance

SATA traded up $0.18 during trading on Thursday, reaching $97.85. 722,715 shares of the stock were exchanged, compared to its average volume of 326,861. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35. The stock’s 50 day moving average price is $99.77.

Insiders Place Their Bets

In related news, CMO Arshia Sarkhani sold 5,634 shares of the stock in a transaction dated 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 directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. This represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction dated 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 directly owned 41,425 shares in the company, valued at approximately $1,297,845.25. The trade was a 32.64% 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.