SATA Technology Co., Ltd. (NASDAQ:SATA) Declares Dividend Increase – $0.06 Per Share

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. 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 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 Performance

NASDAQ SATA opened at $97.67 on Thursday. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35. The stock has a fifty day moving average of $99.82.

Insider Activity

In other SATA Technology news, insider Brian Logan Beirne sold 20,077 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The shares were 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 in the company, valued at $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Arshia Sarkhani sold 5,634 shares of the business’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 completion of the sale, the chief marketing officer owned 11,795 shares of the company’s stock, valued at $369,537.35. The trade was a 32.33% 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. In the last quarter, insiders have sold 42,620 shares of company stock valued at $1,325,038.