SATA Technology Co., Ltd. (SATA) to Distribute Dividend of $0.06 on November 30th

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Wednesday, October 14th. Investors of record on Friday, November 27th will be paid 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 NASDAQ SATA opened at $97.85 on Friday. The company’s 50 day moving average price is $99.77. SATA Technology has a 52-week low of $79.01 and a 52-week high of $101.35.

Insider Buying and Selling

In other news, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the transaction, the director owned 8,815 shares in the company, valued at approximately $271,061.25. This trade represents a 40.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Arshia Sarkhani sold 5,634 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The stock was 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 approximately $369,537.35. The trade was 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. In the last quarter, insiders have sold 42,620 shares of company stock worth $1,325,038.