SATA Technology Co., Ltd. (SATA) To Go Ex-Dividend on October 14th

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Tuesday, September 15th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0516 per share on Thursday, October 15th. The ex-dividend date is Wednesday, October 14th.

SATA Technology Stock Up 0.3%

NASDAQ SATA traded up $0.30 during trading hours on Monday, hitting $99.40. 562,535 shares of the company’s stock traded hands, compared to its average volume of 319,577. SATA Technology has a 52-week low of $79.01 and a 52-week high of $101.35.

Insiders Place Their Bets

In related news, Director Pierre Rochard purchased 15,900 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the transaction, the director directly owned 15,900 shares of the company’s stock, valued at approximately $199,386. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Arshia Sarkhani sold 5,634 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value 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 approximately $369,537.35. This represents a 32.33% decrease in their position. 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. Over the last three months, insiders sold 42,620 shares of company stock worth $1,325,038.