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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Thursday, October 15th. Shareholders 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 Trading Down 1.0%

Shares of SATA Technology stock traded down $0.96 during trading hours on Friday, hitting $96.89. The company had a trading volume of 588,706 shares, compared to its average volume of 328,228. The company’s 50-day moving average price is $99.71. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35.

Insider Buying and Selling

In other news, Director Pierre Rochard bought 15,900 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were acquired 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 approximately $199,386. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Arshia Sarkhani sold 5,634 shares of SATA Technology stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the sale, the chief marketing officer owned 11,795 shares in the company, valued at $369,537.35. This trade represents a 32.33% decrease in their position. 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 have sold a total of 42,620 shares of company stock valued at $1,325,038 over the last ninety days.