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

by · The Cerbat Gem

SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) 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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Price Performance

SATA stock traded down $0.10 during mid-day trading on Friday, reaching $97.75. The company had a trading volume of 63,802 shares, compared to its average volume of 325,504. The business has a 50 day moving average of $99.77. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35.

Insiders Place Their Bets

In related news, Director James Lavish sold 6,000 shares of the 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 owned 8,815 shares of the company’s stock, valued at $271,061.25. This represents a 40.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the transaction, the insider directly owned 41,425 shares in the company, valued at $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 42,620 shares of company stock worth $1,325,038.

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