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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Wednesday, October 14th. Shareholders of record on Friday, November 27th will be paid 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 Up 0.4%

Shares of SATA Technology stock traded up $0.40 on Thursday, hitting $98.07. 361,494 shares of the company’s stock traded hands, compared to its average volume of 324,974. SATA Technology has a 52-week low of $79.01 and a 52-week high of $101.35. The business’s 50-day simple moving average is $99.82.

Insider Transactions at SATA Technology

In other SATA Technology news, CFO Benjamin Pham sold 4,209 shares of the firm’s 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 of the company’s stock, valued at $544,045.45. This trade represents a 19.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Lavish sold 6,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the transaction, the director directly owned 8,815 shares of the company’s stock, valued at approximately $271,061.25. This represents a 40.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 over the last ninety days.