SATA Technology Co., Ltd. (NASDAQ:SATA) Shareholders to Get $0.05 Dividend

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Wednesday, October 7th. Stockholders of record on Monday, October 19th will be given a dividend of $0.0516 per share on Tuesday, October 20th. The ex-dividend date is Monday, October 19th.

SATA Technology Stock Performance

SATA traded down $0.59 during trading hours on Wednesday, reaching $99.42. 741,990 shares of the company’s stock traded hands, compared to its average volume of 315,044. SATA Technology has a 52-week low of $79.01 and a 52-week high of $101.35.

Insider Activity

In related news, Director Pierre Rochard bought 15,900 shares of the company’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $12.54 per share, with a total value of $199,386.00. Following the transaction, the director owned 15,900 shares of the company’s stock, valued at $199,386. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Arshia Sarkhani sold 5,634 shares of the business’s stock in a transaction dated 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 transaction, the chief marketing officer owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents 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 sold 42,620 shares of company stock valued at $1,325,038.