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

SATA Technology Price Performance

NASDAQ:SATA traded down $1.12 during midday trading on Wednesday, hitting $97.67. 1,178,910 shares of the company were exchanged, compared to its average volume of 324,844. The stock has a fifty day moving average of $99.82. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insider Activity at SATA Technology

In other news, insider Brian Logan Beirne sold 20,077 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $629,012.41. Following the completion of the sale, the insider directly owned 41,425 shares of the company’s stock, valued at approximately $1,297,845.25. The trade was a 32.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jonathan R. Macey sold 6,700 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the completion of the sale, the director directly owned 8,115 shares of the company’s stock, valued at $246,046.80. The trade was a 45.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 42,620 shares of company stock valued at $1,325,038.