SATA Technology Co., Ltd. (NASDAQ:SATA) Announces Dividend Increase – $0.06 Per Share

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. Investors 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 Down 1.1%

SATA opened at $97.67 on Thursday. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35. The stock has a 50-day moving average of $99.82.

Insider Buying and Selling at SATA Technology

In other news, CMO Arshia Sarkhani sold 5,634 shares of the firm’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 $176,513.22. Following the completion of the sale, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at $369,537.35. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian Logan Beirne sold 20,077 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 value of $629,012.41. Following the completion of the sale, the insider directly owned 41,425 shares of the company’s stock, valued at $1,297,845.25. The trade was a 32.64% 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 90 days, insiders sold 42,620 shares of company stock valued at $1,325,038.