Evolution introduced its revenue-linked dividend policy in February 2013. There have now been nine consecutive dividends paid in each half-year since that date.
With the continued growth over the past year and the recent inclusion in the ASX100, coinciding with the Group moving to a tax paying position, the Directors have 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. This change, effective immediately, has been applied to the final dividend for 2017.
The Board has confirmed that Evolution is in a sound position to continue its commitment to pay a final fully franked dividend for the current period of 3 cents per share, totalling A$50.484 million. Evolution shares will trade excluding entitlement to the dividend on 25 August 2017, with the record date being 28 August 2017 and payment date of 29 September 2017.
In relation to Evolution’s dividend policy, the Board of Directors has suspended the Dividend Reinvestment Plan (“DRP”) until further notice.
Dividend Amount: 3 cents per share unfranked
Ex-dividend Date: 25 August 2017
Record Date: 28 August 2017
Dividend Payment Date: 29 September 2017
|Dividend||Payment date||Amount (cents)||Franking status (%)||DRP price (A$)|
|Final||29 Sept 2017||3c|
|Interim||27 March 2017||2c||0||2.0197|
|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.
The Board of Directors have determined to suspended the Dividend Reinvestment Plan (“DRP”) until further notice.
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