SATA Technology Co., Ltd. (NASDAQ:SATA) Plans Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) 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 Trading Down 1.0%

SATA traded down $0.96 during trading on Friday, reaching $96.89. 575,864 shares of the stock traded hands, compared to its average volume of 328,168. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35. The firm’s 50-day moving average price is $99.77.

Insider Buying and Selling

In other news, Director Pierre Rochard bought 15,900 shares of the company’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $12.54 per share, with a total value of $199,386.00. Following the transaction, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Logan Beirne sold 20,077 shares of SATA Technology stock in a transaction dated 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 approximately $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 42,620 shares of company stock worth $1,325,038.