SATA Technology Co., Ltd. (NASDAQ:SATA) Raises Dividend to $0.06 Per Share

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. Investors 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 Stock Down 1.0%

SATA stock traded down $0.96 during trading on Friday, hitting $96.89. The company had a trading volume of 588,706 shares, compared to its average volume of 328,228. The firm has a 50 day moving average price of $99.71. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insider Activity

In other news, Director James Lavish sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the sale, the director directly owned 8,815 shares of the company’s stock, valued at approximately $271,061.25. This represents a 40.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pierre Rochard purchased 15,900 shares of SATA Technology stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $12.54 per share, with a total value 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 trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 42,620 shares of company stock worth $1,325,038 in the last 90 days.