SATA Technology Co., Ltd. (NASDAQ:SATA) Shares to Pay Dividend of $0.05

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Friday, October 9th. Investors of record on Wednesday, October 21st will be paid a dividend of $0.0516 per share on Thursday, October 22nd. The ex-dividend date is Wednesday, October 21st.

SATA Technology Stock Up 0.3%

SATA stock traded up $0.28 during midday trading on Friday, hitting $99.10. The stock had a trading volume of 432,835 shares, compared to its average volume of 318,318. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

Insider Transactions at SATA Technology

In other news, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $629,012.41. Following the sale, the insider directly owned 41,425 shares in the company, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the completion of the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. The trade was a 32.33% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 42,620 shares of company stock valued at $1,325,038.