L1 Long Short Fund Limited Announces Interim Dividend of $0.04 (ASX:LSF)

L1 Long Short Fund Limited (ASX:LSF) declared a interim dividend on Wednesday, November 12th, MarketIndexAU Dividends reports. Shareholders of record on Thursday, December 4th will be paid a dividend of 0.035 per share on Thursday, December 4th. This represents a yield of 97.0%. The ex-dividend date of this dividend is Sunday, November 16th.

L1 Long Short Fund Stock Performance

The company has a market capitalization of $1.75 billion, a PE ratio of 10.21 and a beta of 1.09.

Insider Activity

In other L1 Long Short Fund news, insider Raphael Lamm purchased 31,638 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of A$3.12 per share, for a total transaction of A$98,552.37. Also, insider Mark Landau acquired 31,638 shares of the business’s stock in a transaction on Monday, August 18th. The stock was acquired at an average price of A$3.12 per share, with a total value of A$98,552.37. Over the last three months, insiders bought 110,498 shares of company stock worth $345,948. Insiders own 19.53% of the company’s stock.

About L1 Long Short Fund

L1 Long Short Fund Limited is a equity fund launched and managed by L1 Capital Pty Ltd. The fund investments predominantly in Australian and New Zealand securities. It employs long and short strategy to make its investments. The fund employs bottom up approach to make its investments. It is was formed in September 2014 and is domiciled in Australia.