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

by · The Markets Daily

SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) declared a dividend on Wednesday, October 14th. 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

Shares of SATA traded up $0.18 during midday trading on Thursday, hitting $97.85. The stock had a trading volume of 722,715 shares, compared to its average volume of 326,861. The stock’s 50-day moving average price is $99.77. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insiders Place Their Bets

In related news, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 41,425 shares in the company, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred on 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 of the company’s stock, valued at $246,046.80. This represents a 45.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,620 shares of company stock worth $1,325,038 in the last quarter.

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