SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) 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 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 Up 0.1%
NASDAQ:SATA traded up $0.09 during midday trading on Thursday, hitting $97.75. The company’s stock had a trading volume of 199,919 shares, compared to its average volume of 323,457. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35. The company’s 50 day simple moving average is $99.82.
Insider Buying and Selling at SATA Technology
In other news, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the sale, the insider directly owned 41,425 shares of the company’s stock, valued at $1,297,845.25. This represents a 32.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Arshia Sarkhani sold 5,634 shares of the company’s 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 completion of the sale, the chief marketing officer directly owned 11,795 shares in the company, valued at $369,537.35. This trade represents a 32.33% decrease in their ownership of the stock. 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 90 days, insiders sold 42,620 shares of company stock worth $1,325,038.
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