SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) announced 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 Technology stock traded down $0.60 during midday trading on Friday, hitting $97.25. 306,773 shares of the stock were exchanged, compared to its average volume of 326,636. SATA Technology has a 1 year low of $79.01 and a 1 year high of $101.35. The company has a 50 day simple moving average of $99.77.
Insiders Place Their Bets
In other SATA Technology news, CFO Benjamin Pham sold 4,209 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $131,867.97. Following the sale, the chief financial officer owned 17,365 shares in the company, valued at $544,045.45. This represents a 19.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Lavish sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the sale, the director directly owned 8,815 shares in the company, valued at approximately $271,061.25. This represents a 40.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 42,620 shares of company stock worth $1,325,038.
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