SATA Technology Co., Ltd. (NASDAQ:SATA) Declares Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Wednesday, October 14th. Investors of record on Friday, November 27th will be given 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 traded up $0.18 during trading hours on Thursday, hitting $97.85. 717,897 shares of the stock were exchanged, compared to its average volume of 326,824. The stock has a 50-day simple moving average of $99.82. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35.

Insider Activity at SATA Technology

In other SATA Technology news, CMO Arshia Sarkhani sold 5,634 shares of the 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 sale, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Benjamin Pham sold 4,209 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 $131,867.97. Following the completion of the transaction, the chief financial officer owned 17,365 shares in the company, valued at approximately $544,045.45. The trade was a 19.51% decrease in their ownership of the stock. 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. Insiders sold 42,620 shares of company stock valued at $1,325,038 in the last ninety days.