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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Thursday, October 15th. 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 Down 0.1%

Shares of SATA stock traded down $0.10 during trading hours on Friday, reaching $97.75. The company had a trading volume of 63,802 shares, compared to its average volume of 325,504. The firm’s 50 day simple moving average is $99.77. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Transactions at SATA Technology

In related news, Director James Lavish sold 6,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the sale, the director owned 8,815 shares of the company’s stock, valued at $271,061.25. This trade represents a 40.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $176,513.22. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 42,620 shares of company stock worth $1,325,038.