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 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 Trading Down 1.1%

SATA Technology stock opened at $97.67 on Thursday. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35. The stock has a fifty day moving average price of $99.82.

Insider Activity at SATA Technology

In other SATA Technology news, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the transaction, the chief marketing officer directly owned 11,795 shares in the company, valued at $369,537.35. This represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jonathan R. Macey sold 6,700 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $30.32, for a total value of $203,144.00. Following the completion of the transaction, the director owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,620 shares of company stock valued at $1,325,038 in the last ninety days.