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

by · The Markets Daily

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 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 Price Performance

Shares of SATA Technology stock traded down $1.12 during trading on Wednesday, reaching $97.67. The company’s stock had a trading volume of 1,178,910 shares, compared to its average volume of 324,844. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35. The business’s 50 day simple moving average is $99.82.

Insider Activity at SATA Technology

In other news, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $176,513.22. Following the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Lavish sold 6,000 shares of the stock in a transaction dated 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 owned 8,815 shares of the company’s stock, valued at $271,061.25. This represents a 40.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,620 shares of company stock worth $1,325,038.

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