SATA Technology Co., Ltd. (NASDAQ:SATA) Shares to Pay Dividend of $0.05

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Thursday, October 8th. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.0516 per share on Wednesday, October 21st. The ex-dividend date of this dividend is Tuesday, October 20th.

SATA Technology Trading Down 0.6%

NASDAQ:SATA traded down $0.60 during trading hours on Thursday, reaching $98.82. 823,782 shares of the company’s stock were exchanged, compared to its average volume of 317,720. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Activity at SATA Technology

In other news, CFO Benjamin Pham sold 4,209 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $131,867.97. Following the completion of the transaction, the chief financial officer directly owned 17,365 shares of the company’s stock, valued at $544,045.45. This represents a 19.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 shares were sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. This trade represents 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. Insiders sold a total of 42,620 shares of company stock worth $1,325,038 in the last quarter.