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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. Stockholders of record on Friday, November 27th will be given 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 Price Performance

NASDAQ SATA traded down $0.03 on Thursday, reaching $97.64. 580,039 shares of the company’s stock traded hands, compared to its average volume of 325,898. The stock has a 50-day moving average price of $99.82. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35.

Insider Buying and Selling

In other news, Director Pierre Rochard purchased 15,900 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the acquisition, the director directly owned 15,900 shares of the company’s stock, valued at $199,386. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Lavish sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the transaction, the director directly owned 8,815 shares of the company’s stock, valued at $271,061.25. The trade was a 40.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,620 shares of company stock valued at $1,325,038 over the last quarter.