SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) declared a dividend on Thursday, October 15th. 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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.
SATA Technology Stock Performance
Shares of SATA Technology stock traded down $0.96 during trading on Friday, hitting $96.89. 575,864 shares of the company’s stock traded hands, compared to its average volume of 328,168. The business’s fifty day simple moving average is $99.77. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35.
Insider Transactions at SATA Technology
In related news, CMO Arshia Sarkhani sold 5,634 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $176,513.22. Following the completion of the transaction, the chief marketing officer owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian Logan Beirne sold 20,077 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was 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 of the company’s stock, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 42,620 shares of company stock valued at $1,325,038.
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