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

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 0.2%

Shares of SATA stock traded up $0.18 during midday trading on Thursday, reaching $97.85. 722,715 shares of the company traded hands, compared to its average volume of 326,861. The business’s 50 day moving average price is $99.77. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

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 stock was sold at an average price of $30.32, for a total value of $203,144.00. Following the sale, the director owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Logan Beirne sold 20,077 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $629,012.41. Following the sale, the insider owned 41,425 shares in the company, valued at approximately $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 42,620 shares of company stock worth $1,325,038.