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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Tuesday, October 13th. Shareholders of record on Friday, November 27th will be given 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 Price Performance

SATA stock traded down $1.12 during mid-day trading on Wednesday, hitting $97.67. 1,178,910 shares of the company were exchanged, compared to its average volume of 324,844. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35. The stock’s fifty day moving average is $99.82.

Insiders Place Their Bets

In other news, CFO Benjamin Pham sold 4,209 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $131,867.97. Following the transaction, the chief financial officer owned 17,365 shares of the company’s stock, valued at approximately $544,045.45. This trade represents a 19.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the transaction, the director owned 8,815 shares of the company’s stock, valued at $271,061.25. This trade represents a 40.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 42,620 shares of company stock worth $1,325,038.