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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. Stockholders 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

Shares of NASDAQ:SATA traded up $0.12 during midday trading on Thursday, reaching $97.80. The company had a trading volume of 631,309 shares, compared to its average volume of 326,284. The company’s 50 day moving average is $99.82. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Activity

In related news, Director Jonathan R. Macey sold 6,700 shares of the 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 approximately $246,046.80. This represents a 45.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Logan Beirne sold 20,077 shares of the firm’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 transaction, the insider owned 41,425 shares of the company’s stock, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 42,620 shares of company stock valued at $1,325,038.