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

SATA Technology Co., Ltd. (NASDAQ:SATA) 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 of this dividend 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 NASDAQ SATA traded down $1.12 during mid-day trading on Wednesday, reaching $97.67. The company had a trading volume of 1,178,910 shares, compared to its average volume of 324,844. The business has a fifty day simple moving average of $99.82. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35.

Insider Activity

In other SATA Technology news, Director Jonathan R. Macey sold 6,700 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the transaction, the director owned 8,115 shares in the company, valued at approximately $246,046.80. This represents a 45.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Logan Beirne sold 20,077 shares of the company’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 transaction of $629,012.41. Following the completion of the transaction, the insider owned 41,425 shares in the company, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their position. 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. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 in the last three months.