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

by · The Markets Daily

SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) announced a dividend on Thursday, October 15th. 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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Performance

SATA stock traded down $0.96 during midday trading on Friday, hitting $96.89. The stock had a trading volume of 588,706 shares, compared to its average volume of 328,228. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35. The business has a 50-day moving average price of $99.71.

Insider Transactions at SATA Technology

In other SATA Technology news, Director Jonathan R. Macey sold 6,700 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.32, for a total value of $203,144.00. Following the completion of the transaction, the director owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the completion of the sale, the insider directly owned 41,425 shares of the company’s stock, valued at $1,297,845.25. This trade represents a 32.64% 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 in the last three months.

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