SATA Technology Co., Ltd. (NASDAQ:SATA) Increases Dividend to $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 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 traded down $0.96 during mid-day trading on Friday, reaching $96.89. The company’s stock had a trading volume of 588,706 shares, compared to its average volume of 328,228. The firm’s fifty day simple moving average is $99.71. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35.

Insider Activity

In related news, Director Pierre Rochard acquired 15,900 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the transaction, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan R. Macey sold 6,700 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the transaction, the director owned 8,115 shares in the company, valued at approximately $246,046.80. This trade represents a 45.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,620 shares of company stock valued at $1,325,038 over the last three months.