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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 15th. Shareholders of record on Friday, November 27th will be paid 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 Price Performance

SATA stock traded down $0.96 on Friday, reaching $96.89. 588,706 shares of the company’s stock were exchanged, compared to its average volume of 328,228. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35. The company has a fifty day moving average of $99.71.

Insider Buying and Selling

In other news, insider Brian Logan Beirne sold 20,077 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the completion of the sale, the insider directly owned 41,425 shares in the company, valued at approximately $1,297,845.25. This trade represents a 32.64% decrease in their position. The transaction was disclosed in a legal filing 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 Pierre Rochard acquired 15,900 shares of SATA Technology stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $12.54 per share, with a total value of $199,386.00. Following the completion of the acquisition, the director owned 15,900 shares of the company’s stock, valued at $199,386. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 in the last 90 days.