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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.0571 per share on Friday, November 6th. The ex-dividend date of this dividend is Thursday, November 5th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Down 0.2%

NASDAQ:SATA opened at $97.96 on Friday. The firm has a 50 day moving average price of $99.58. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Activity

In other SATA Technology news, CMO Arshia Sarkhani sold 5,634 shares of SATA Technology 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 $176,513.22. Following the completion of the sale, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. The trade was a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Benjamin Pham sold 4,209 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $131,867.97. Following the completion of the sale, the chief financial officer directly owned 17,365 shares of the company’s stock, valued at $544,045.45. The trade was a 19.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 42,620 shares of company stock valued at $1,325,038 in the last 90 days.

SATA Technology Company Profile

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.