SATA Technology Co., Ltd. (NASDAQ:SATA) Plans Dividend Increase – $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 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 Price Performance

SATA traded down $0.28 during trading hours on Friday, hitting $97.57. The company’s stock had a trading volume of 384,311 shares, compared to its average volume of 327,056. The business’s 50-day moving average is $99.77. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insider Buying and Selling

In other news, CMO Arshia Sarkhani sold 5,634 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $176,513.22. Following the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction dated Monday, October 5th. The shares were 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 in the company, valued at approximately $271,061.25. This represents a 40.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 42,620 shares of company stock valued at $1,325,038.