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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. Stockholders of record on Friday, November 27th will be paid 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 Stock Up 0.2%

NASDAQ SATA traded up $0.18 on Thursday, hitting $97.85. 722,715 shares of the stock were exchanged, compared to its average volume of 326,861. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35. The firm has a 50-day simple moving average of $99.77.

Insider Buying and Selling at SATA Technology

In other news, CFO Benjamin Pham sold 4,209 shares of SATA Technology stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $131,867.97. Following the completion of the sale, the chief financial officer directly owned 17,365 shares of the company’s stock, valued at approximately $544,045.45. The trade was a 19.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the transaction, the director owned 8,815 shares of the company’s stock, valued at approximately $271,061.25. The trade was a 40.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 42,620 shares of company stock worth $1,325,038.