SATA Technology Co., Ltd. (NASDAQ:SATA) Raises Dividend to $0.06 Per Share

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Tuesday, October 13th. Shareholders of record on Friday, November 27th will be paid 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 Stock Performance

Shares of NASDAQ SATA traded down $1.12 during midday trading on Wednesday, hitting $97.67. The company’s stock had a trading volume of 1,178,910 shares, compared to its average volume of 324,844. The company’s fifty day moving average price is $99.82. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35.

Insider Activity at SATA Technology

In other SATA Technology news, 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 sale, the director directly owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Arshia Sarkhani sold 5,634 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were 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 directly owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 42,620 shares of company stock worth $1,325,038 over the last 90 days.