SATA Technology Co., Ltd. (NASDAQ:SATA) Announces Dividend of $0.06

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

Shares of NASDAQ SATA opened at $97.85 on Friday. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35. The firm’s 50 day simple moving average is $99.77.

Insider Buying and Selling

In other news, insider Brian Logan Beirne sold 20,077 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 $629,012.41. Following the completion of the sale, the insider directly owned 41,425 shares of the company’s stock, valued at $1,297,845.25. This trade represents a 32.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of 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 SEC filing for this sale provides additional information. Insiders sold 42,620 shares of company stock valued at $1,325,038 in the last ninety days.