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 given 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 Stock Down 1.0%
Shares of SATA traded down $0.96 during trading on Friday, reaching $96.89. The company’s stock had a trading volume of 588,706 shares, compared to its average volume of 328,228. The business’s fifty 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.
Insiders Place Their Bets
In related news, Director James Lavish sold 6,000 shares of the company’s stock in a transaction 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 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 accessible through this link. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction 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 transaction, the insider owned 41,425 shares in the company, valued at $1,297,845.25. This trade represents a 32.64% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 42,620 shares of company stock valued at $1,325,038.
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