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

by · The Markets Daily

SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) announced a dividend on Thursday, October 15th. Investors of record on Friday, November 27th will be paid 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 Performance

NASDAQ SATA traded down $0.96 during trading on Friday, hitting $96.89. The stock had a trading volume of 588,706 shares, compared to its average volume of 328,228. The company has a 50-day moving average price of $99.71. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35.

Insider Activity at SATA Technology

In other news, insider Brian Logan Beirne sold 20,077 shares of the business’s stock in a transaction 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 sale, the insider owned 41,425 shares of the company’s stock, valued at $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 James Lavish sold 6,000 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the transaction, the director owned 8,815 shares of the company’s stock, valued at approximately $271,061.25. This represents a 40.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 42,620 shares of company stock worth $1,325,038.

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