Do Evolution Mining shares pay a dividend?

The ASX 200 mining shares are known as good dividend payers — is Evolution among them?

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Key points

  • The Evolution Mining share price is $2.41 in late afternoon trading, up 0.21% 
  • Evolution Mining does pay a dividend -- in FY21, the yield was 5% based on today's share price 
  • Evolution will announce its final dividend for FY22 on 18 August 

The Evolution Mining Ltd (ASX: EVN) share price is $2.41 in late afternoon trading, up 0.21%. This is in contrast to the S&P/ASX 200 Resources Index (ASX: XJR) which is down 1.74%.

It’s ironic to see the ASX gold share outdoing the resources benchmark today given it was a disappointing update from Evolution on Monday that appears to have spooked gold investors all week. As my fellow Fool Sebastian reports, several ASX gold mining shares are digging new 52-week lows today as a result.

If we zoom out on 2022, the Evolution Mining share price is having a dog of a year. It has tumbled by 41% over the first half. By comparison, the ASX 200 resources index has dipped by 1.26%.

So, Evolution has done almost 40% worse than its peers in the metals & mining and energy industries. D-O-G.

But these things happen. We’re in a market correction, after all, and Evolution certainly isn’t the only ASX 200 share to have lost more than 40% in value so far this year.

Dividends provide comfort to investors

The great thing about dividends is they provide comfort during tough market cycles.

When share prices are falling and investors are a bit depressed or panicky, dividends are the silver lining.

Companies don’t stop paying dividends when their share prices fall.

The next round of dividends is coming soon, with the August earnings season not too far away.

Do Evolution Mining shares pay a dividend?

Yes, they do.

In its FY22 half-year results reported in February, Evolution Mining declared a dividend of three cents with 100% franking.

Based on today’s share price, that’s a dividend yield of 1.24% with the final dividend yet to be added on top.

In FY21, Evolution Mining paid 12 cents in fully-franked dividends — a yield of 5% based on the current share price.

Evolution Mining will announce its full-year results and final dividend for FY22 on 18 August.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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