SATA Technology Co., Ltd. (NASDAQ:SATA) to Issue Dividend Increase – $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 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 Price Performance

Shares of NASDAQ SATA opened at $97.67 on Thursday. The business has a 50-day simple moving average of $99.82. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insider Activity

In related news, Director Pierre Rochard bought 15,900 shares of the company’s stock in a transaction on Friday, August 14th. The shares were bought at an average price of $12.54 per share, with a total value of $199,386.00. Following the transaction, the director owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the transaction, the insider owned 41,425 shares in the company, valued at $1,297,845.25. The trade was a 32.64% decrease in their position. 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 valued at $1,325,038.