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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Thursday, October 15th. 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 of this dividend is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Trading Down 0.0%

SATA stock traded down $0.01 on Friday, hitting $97.84. The company had a trading volume of 141,856 shares, compared to its average volume of 325,749. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35. The company has a 50-day moving average of $99.77.

Insider Transactions at SATA Technology

In other news, Director Pierre Rochard acquired 15,900 shares of SATA Technology stock in a transaction that occurred on Friday, August 14th. The stock was 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 owned 15,900 shares in the company, valued at $199,386. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction dated 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 transaction, 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. 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. Over the last quarter, insiders sold 42,620 shares of company stock worth $1,325,038.