Dividends

 

Dividend Policy


Evolution introduced its revenue-linked dividend policy in February 2013. There have now been thirteen 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 and information is detailed below.

Final Dividend for the  Full Year ended 30 June 2019

In August 2019, the Directors approved a change to the dividend policy of whenever possible paying a dividend based on free cash flow generated during a year. The Directors will 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 and dividends. The change was effective immediately and was applied to the final dividend for 2019.
The Board has confirmed that Evolution is in a sound position to meet its commitment under the new policy to pay a final fully franked dividend for the current period of 6 cents per share, totalling A$101.8 million. Evolution shares will trade excluding entitlement to the dividend on 26 August 2019, with the record date being 27 August 2019 and payment date of 27 September 2019.

Dividend Amount: 6.0 cents per share fully franked

Ex-dividend Date: 26 August 2019

Record Date: 27 August 2019

Dividend Payment Date: 27 September 2019

Conduit Foreign Income (CFI) Component: Nil

 

Dividend History

DividendPayment dateAmount (cents)Franking status (%)DRP price (A$)
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.

Dividend Reinvestment Plan
The Board of Directors have determined to continue the suspension of the Dividend Reinvestment Plan (“DRP”) until further notice.

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 registrars@linkmarketservices.com.au