Mark Landau Acquires 61,453 Shares of L1 Long Short Fund Limited (ASX:LSF) Stock

L1 Long Short Fund Limited (ASX:LSF) insider Mark Landau acquired 61,453 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was bought at an average cost of A$2.85 ($1.89) per share, with a total value of A$175,202.50 ($116,028.15).

L1 Long Short Fund Stock Performance

L1 Long Short Fund Increases Dividend

The business also recently disclosed a Interim dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 8th were given a $0.058 dividend. This is a positive change from L1 Long Short Fund’s previous Interim dividend of $0.05. This represents a dividend yield of 2.02%. The ex-dividend date was Sunday, March 17th. L1 Long Short Fund’s dividend payout ratio (DPR) is presently 43.48%.

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.