SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) announced a dividend on Tuesday, October 13th. 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 Price Performance
NASDAQ SATA traded down $1.12 during midday trading on Wednesday, hitting $97.67. The company had a trading volume of 1,178,910 shares, compared to its average volume of 324,844. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35. The stock has a fifty day moving average of $99.82.
Insider Buying and Selling at SATA Technology
In related news, insider Brian Logan Beirne sold 20,077 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 value of $629,012.41. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Benjamin Pham sold 4,209 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $131,867.97. Following the transaction, the chief financial officer owned 17,365 shares of the company’s stock, valued at $544,045.45. This trade represents a 19.51% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 in the last quarter.
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