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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Tuesday, October 13th. Shareholders 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 Trading Down 1.1%

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

Insider Activity

In other news, Director James Lavish sold 6,000 shares of the firm’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 transaction of $184,500.00. Following the completion of the transaction, the director directly owned 8,815 shares of the company’s stock, valued at $271,061.25. This trade represents a 40.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pierre Rochard bought 15,900 shares of SATA Technology 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 purchase, the director owned 15,900 shares in the company, valued at $199,386. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 42,620 shares of company stock worth $1,325,038 in the last three months.