Dividends

Dividend Policy

Evolution introduced its revenue-linked dividend policy in February 2013. There have now been twenty-four consecutive dividends paid in each half-year since that date. In August 2017, the Board approved a change to the dividend policy of whenever possible paying a half-yearly dividend equivalent to 50% of the Group’s after tax earnings.

The policy was updated in August 2019 when the Directors approved a change to the dividend policy of, whenever possible, paying a dividend based on free cash flow generated during a financial year. The Directors will, on a bi-annual basis, assess the group cash flow and outlook for the business with the intention to return excess cash to shareholders and targeting a level around 50% of cash flow. The Group’s free cash flow is defined as cash flow before debt, dividends and mergers and acquisition activity.

Final dividend for the year ended 30 June 2025

The Board has confirmed that Evolution is in a sound financial position to meet its commitment under the policy to pay a final fully franked dividend for the period of 13 cents per share. The details are provided below: 

Dividend Amount: 13.0 cents per share fully franked

Record Date: 4 September 2025

Dividend Payment Date: 3 October 2025

Discount applicable to the DRP: 5%

Conduit Foreign Income (CFI) component: Nil

Dividend Reinvestment Plan
The Board of Directors has determined to maintain the Dividend Reinvestment Plan (DRP), which was reactivated with effect from the FY25 Interim Dividend.  A copy of the DRP booklet can be found here.

Dividend History

DividendPayment dateAmount (cents)Franking status (%)DRP price (A$)
Final3 October 202513.0c1008.7298
Interim4 April 20257.0c1005.9612
Final4 October 20245.0c100NA
Interim5 April 20242.0c100NA
Final6 October 20232.0c100NA
Interim2 June 20232.0c100NA
Full31 August 20223.0c100NA
Interim25 March 20223.0c100NA
Final28 Sept 20215.0c100NA
Interim26 March 20217.0c100NA
Final25 Sept 20209.0c100NA
Interim27 March 20207.0c100NA
Final27 Sept 20196.0c100NA
Interim29 March 20193.5c100NA
Final28 Sept 20184.0c100NA
Interim29 March 20183.5c100NA
Final29 Sept 20173c100NA
Interim27 March 20172c02.0197
Final23 Sept 20162c02.1037
Interim29 March 20161c01.6864
Final2 Oct 20151c01.0863
Interim27 March 20151c00.8162
Final3 Oct 20141c00.6689
Interim26 March 20141c00.9192
Maiden26 Sept 20131c0NA1

1 – Not applicable as the Dividend Reinvestment Plan was initiated in March 2014.

Direct credit of dividend payments
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 [email protected]

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