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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Friday, October 16th. Stockholders 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 Stock Performance

SATA traded down $0.96 during trading on Friday, reaching $96.89. 588,706 shares of the stock were exchanged, compared to its average volume of 328,228. The stock’s 50 day moving average price is $99.71. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35.

Insider Buying and Selling

In other SATA Technology news, Director Jonathan R. Macey sold 6,700 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the transaction, the director directly owned 8,115 shares of the company’s stock, valued at $246,046.80. The trade was a 45.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Arshia Sarkhani sold 5,634 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 $176,513.22. Following the completion of the transaction, the chief marketing officer directly owned 11,795 shares in the company, valued at approximately $369,537.35. This represents a 32.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 42,620 shares of company stock worth $1,325,038 over the last 90 days.

About SATA Technology

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.