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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. 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 Down 0.3%

NASDAQ:SATA opened at $97.52 on Friday. The business’s 50 day moving average price is $99.77. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Activity at SATA Technology

In other news, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer owned 11,795 shares in the company, valued at approximately $369,537.35. This represents a 32.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 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 completion of the transaction, the director owned 8,815 shares in the company, valued at approximately $271,061.25. The trade was a 40.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,620 shares of company stock worth $1,325,038 in the last 90 days.