Evolution beats expectations with bigger dividend

EVOLUTION Mining has declared a final fully franked dividend of A5c per share, above analyst expectations of 4c per share.

Evolution beats expectations with bigger dividend Evolution beats expectations with bigger dividend Evolution beats expectations with bigger dividend Evolution beats expectations with bigger dividend Evolution beats expectations with bigger dividend

Evolution executive chair Jake Klein

The dividend represents a payout rate of 64% of cashflow and was higher due to the return of proceeds from the divestment of the Cracow mine.

It takes the total FY21 dividend to 12c per share.