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
| Dividend | Payment date | Amount (cents) | Franking status (%) | DRP price (A$) |
|---|---|---|---|---|
| Final | 3 October 2025 | 13.0c | 100 | 8.7298 |
| Interim | 4 April 2025 | 7.0c | 100 | 5.9612 |
| Final | 4 October 2024 | 5.0c | 100 | NA |
| Interim | 5 April 2024 | 2.0c | 100 | NA |
| Final | 6 October 2023 | 2.0c | 100 | NA |
| Interim | 2 June 2023 | 2.0c | 100 | NA |
| Full | 31 August 2022 | 3.0c | 100 | NA |
| Interim | 25 March 2022 | 3.0c | 100 | NA |
| Final | 28 Sept 2021 | 5.0c | 100 | NA |
| Interim | 26 March 2021 | 7.0c | 100 | NA |
| Final | 25 Sept 2020 | 9.0c | 100 | NA |
| Interim | 27 March 2020 | 7.0c | 100 | NA |
| Final | 27 Sept 2019 | 6.0c | 100 | NA |
| Interim | 29 March 2019 | 3.5c | 100 | NA |
| Final | 28 Sept 2018 | 4.0c | 100 | NA |
| Interim | 29 March 2018 | 3.5c | 100 | NA |
| Final | 29 Sept 2017 | 3c | 0 | NA |
| 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.
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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