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

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 Price Performance

Shares of SATA traded down $0.03 on Thursday, reaching $97.64. The stock had a trading volume of 580,039 shares, compared to its average volume of 325,898. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35. The company’s 50-day moving average is $99.82.

Insiders Place Their Bets

In related 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 transaction of $203,144.00. Following the transaction, the director owned 8,115 shares of the company’s stock, valued at approximately $246,046.80. This represents a 45.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Pierre Rochard acquired 15,900 shares of the company’s stock in a transaction dated 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 purchase, the director owned 15,900 shares in the company, valued at approximately $199,386. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 42,620 shares of company stock valued at $1,325,038.