In a letter to shareholders released this morning, the L1 Long Short Fund Ltd (ASX: LSF) noted that it has rewarded shareholders with a net return of 44.7% over the last 12 months and delivered a fully franked quarterly dividend of 3.7 cents per share.
What did L1 Long Short Fund report?
- Net portfolio return of 44.7% for the 12 months to 31 March 2026 (versus ASX 200 AI’s 11.7%)
- Three-year annualised return of 15.9% p.a. (ASX 200 AI 9.5% p.a.)
- Five-year annualised return of 16.1% p.a. (ASX 200 AI 8.6% p.a.)
- Dividend increased to 3.7 cents per share for Q3 FY26, fully franked
- Total dividends paid since IPO have increased every year
What else do investors need to know?
The fund commenced paying dividends on a quarterly basis in FY26, aiming to provide more regular income to shareholders. The company expects total dividends to continue increasing, supported by ongoing strong investment performance.
L1 Long Short Fund’s Dividend Reinvestment Plan (DRP) remains open, offering shareholders the option to reinvest dividends flexibly without brokerage or extra fees. The upcoming dividend payment will be made on 22 June 2026, and investors can elect to participate in the DRP until 3 June 2026.
What’s next for L1 Long Short Fund?
The company expects the dividend stream to continue rising, reflecting the portfolio’s performance and earnings capacity. Management underscores their focus on delivering strong risk-adjusted returns and ongoing communication with shareholders.
Investors are encouraged to keep up to date via company updates, reports, and events, with further info available on the L1 Long Short Fund website.
L1 Long Short Fund share price snapshot
Over the last 12 months, L1 Long Short Fund shares have risen 47%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 1% over the same period.
The post L1 Long Short Fund boosts dividend as returns eclipse market appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.