For those that have not seen it, the following is Evolution's current dividend policy:
"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."
So, it is only an 'intention', it is not cast in stone.
https://evolutionmining.com.au/dividends/
A table showing the history of Evolution dividends (final and interim) is available in the above link. The highest final dividend was 9.0 cents per share (fully franked), payment date 25 September 2020.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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