SATA Technology Co., Ltd. (NASDAQ:SATA) Raises Dividend to $0.06 Per Share

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Tuesday, October 13th. Shareholders of record on Friday, November 27th will be paid 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 Trading Down 1.1%

Shares of SATA stock traded down $1.12 during trading hours on Wednesday, reaching $97.67. 1,178,910 shares of the company’s stock were exchanged, compared to its average volume of 324,844. The business’s 50 day simple moving average is $99.82. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35.

Insider Transactions at SATA Technology

In related news, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $629,012.41. Following the transaction, the insider owned 41,425 shares of the company’s stock, valued at $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jonathan R. Macey sold 6,700 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.32, for a total value of $203,144.00. Following the transaction, the director directly owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 42,620 shares of company stock valued at $1,325,038.