SATA Technology Co., Ltd. (NASDAQ:SATA) Declares Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Friday, October 16th. Stockholders 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 $0.96 during trading hours on Friday, hitting $96.89. The stock had a trading volume of 588,706 shares, compared to its average volume of 328,228. The company’s 50-day moving average price is $99.71. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

Insider Transactions at SATA Technology

In other SATA Technology news, Director Jonathan R. Macey sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the completion of the sale, the director directly owned 8,115 shares of the company’s stock, valued at $246,046.80. The trade was a 45.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $629,012.41. Following the transaction, the insider owned 41,425 shares in the company, valued at approximately $1,297,845.25. This trade represents a 32.64% decrease in their position. 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 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.