Evolution has an innovative dividend policy of, wherever possible, paying a half-yearly dividend equivalent to 2% of Evolution’s gold equivalent sales revenue within the dividend period. As a sign of increased confidence in the future cash generation capacity of the business the Board has determined to change the policy through doubling the dividend payout to 4% of revenue which came into effect on 28 June 2016.
Evolution Board has declared a final dividend of 2 cents per share payable in Australian dollars. The dividend will not be franked for Australian taxation purposes and has a nil Conduit Foreign Income (CFI) component.
Dividend Amount: 2 cents per share unfranked
Ex-dividend Date: 25 August 2016
Record Date: 26 August 2016
Dividend Payment Date: 23 September 2016
|Dividend||Payment date||Amount (cents)||Franking status (%)||DRP price (A$)|
|Final||23 Sept 2016||2c||0||2.1037|
|Interim||29 March 2016||1c||0||1.6864|
|Final||2 Oct 2015||1c||0||1.0863|
|Interim||27 March 2015||1c||0||0.8162|
|Final||3 Oct 2014||1c||0||0.6689|
|Interim||26 March 2014||1c||0||0.9192|
|Maiden||26 Sept 2013||1c||0||NA1|
1 – Not applicable as the Dividend Reinvestment Plan was initiated in March 2014.
Evolution is also pleased to announce that the Dividend Reinvestment Plan (DRP) adopted by the Board in FY14 will continue to apply. The DRP will allow shareholders to elect to reinvest all or part of any dividends payable on their Evolution shares to acquire additional Evolution shares. The allotted shares in respect of the FY16 final dividend will be issued at a 5.0% discount to the daily volume-weighted average price (VWAP) for the 5 trading days immediately after the record date of 26 August 2016. Notification to participate in the DRP must be received before 5.00pm (Sydney time) on 29 August 2016, being the first business day after the record date
Participation in the DRP is entirely optional.
The DRP is administered in accordance with the Dividend Reinvestment Plan Rules.
For Information on participation in the DRP, please click here Participation in the DRP.
Payment by direct credit is prompt, secure, cost effective, thus more efficient compared to payment by cheque. Click here for a Request for Direct Credit of Payments form or contact our share registry firstname.lastname@example.org