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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced 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 Price Performance

SATA stock opened at $97.67 on Thursday. The stock has a 50-day simple moving average of $99.82. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insider Activity at SATA Technology

In other SATA Technology news, CMO Arshia Sarkhani sold 5,634 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $369,537.35. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’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 value of $203,144.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,620 shares of company stock worth $1,325,038 over the last quarter.