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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Sunday, October 18th. 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 of this dividend is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Performance

NASDAQ:SATA traded up $0.77 on Monday, hitting $97.66. The stock had a trading volume of 271,106 shares, compared to its average volume of 327,933. The company’s fifty 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 Activity

In related news, Director James Lavish sold 6,000 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the completion of the sale, the director owned 8,815 shares in the company, valued at approximately $271,061.25. This represents a 40.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan R. Macey sold 6,700 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the sale, the director owned 8,115 shares of the company’s stock, valued at approximately $246,046.80. This represents a 45.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 42,620 shares of company stock valued at $1,325,038.

SATA Technology Company Profile

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.