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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Tuesday, October 13th. 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 Price Performance

NASDAQ:SATA traded down $1.12 during midday trading on Wednesday, reaching $97.67. The stock had a trading volume of 1,178,910 shares, compared to its average volume of 324,844. The business’s fifty day simple moving average is $99.82. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35.

Insider Buying and Selling at SATA Technology

In other news, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.75, for a total transaction of $184,500.00. Following the completion of the sale, the director directly owned 8,815 shares in the company, valued at approximately $271,061.25. This trade represents a 40.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pierre Rochard bought 15,900 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were purchased at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the transaction, the director owned 15,900 shares of the company’s stock, valued at $199,386. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 42,620 shares of company stock worth $1,325,038.