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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced 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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Up 0.2%

NASDAQ:SATA traded up $0.17 during mid-day trading on Thursday, reaching $97.84. 424,136 shares of the stock were exchanged, compared to its average volume of 325,315. The company has a 50 day moving average of $99.82. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35.

Insiders Place Their Bets

In other news, Director Jonathan R. Macey sold 6,700 shares of the firm’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 transaction of $203,144.00. Following the transaction, the director directly owned 8,115 shares in the company, valued at approximately $246,046.80. This trade represents a 45.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Benjamin Pham sold 4,209 shares of SATA Technology stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $131,867.97. Following the completion of the transaction, the chief financial officer directly owned 17,365 shares in the company, valued at $544,045.45. The trade was a 19.51% 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 three months, insiders sold 42,620 shares of company stock valued at $1,325,038.