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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Friday, October 16th. Investors of record on Friday, November 27th will be given 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 Price Performance

SATA Technology stock traded down $0.96 during mid-day trading on Friday, hitting $96.89. 588,706 shares of the company’s stock traded hands, compared to its average volume of 328,228. SATA Technology has a one year low of $79.01 and a one year high of $101.35. The company has a 50 day moving average price of $99.71.

Insider Activity at SATA Technology

In related news, Director Pierre Rochard acquired 15,900 shares of SATA Technology stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $12.54 per share, with a total value of $199,386.00. Following the completion of the acquisition, the director directly owned 15,900 shares of the company’s stock, valued at $199,386. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Arshia Sarkhani sold 5,634 shares of the company’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 sale, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at $369,537.35. The trade was 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. In the last three months, insiders sold 42,620 shares of company stock valued at $1,325,038.

About SATA Technology

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.