SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) announced a dividend on Wednesday, October 14th. Shareholders 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 Trading Up 0.2%
Shares of SATA Technology stock traded up $0.18 during trading hours on Thursday, hitting $97.85. The company had a trading volume of 722,715 shares, compared to its average volume of 326,861. The company’s 50-day moving average price is $99.77. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35.
Insider Transactions at SATA Technology
In other SATA Technology news, CFO Benjamin Pham sold 4,209 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $131,867.97. Following the completion of the transaction, the chief financial officer owned 17,365 shares in the company, valued at $544,045.45. This represents a 19.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 firm’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 $176,513.22. Following the transaction, the chief marketing officer directly owned 11,795 shares in the company, valued at approximately $369,537.35. The trade was a 32.33% decrease in their position. 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. Insiders sold 42,620 shares of company stock valued at $1,325,038 over the last quarter.
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