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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. 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 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 1.0%

SATA traded down $0.96 during trading hours on Friday, reaching $96.89. 588,706 shares of the stock traded hands, compared to its average volume of 328,228. The business’s fifty day moving average price is $99.71. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insider Transactions at SATA Technology

In other news, insider Brian Logan Beirne sold 20,077 shares of the firm’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 $629,012.41. Following the completion of the sale, the insider directly owned 41,425 shares in the company, valued at $1,297,845.25. This trade represents a 32.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 SATA Technology stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the sale, the chief marketing officer directly owned 11,795 shares in the company, valued at approximately $369,537.35. The trade was 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. Insiders have sold a total of 42,620 shares of company stock worth $1,325,038 over the last three months.