The Evolution Mining Ltd (ASX: EVN) dividend will be landing into shareholder accounts today.
This comes at an opportune time as investors would have seen their wealth fall significantly in the past couple of months.
At the time of writing, Evolution shares are fetching for $2.01 per share, up 1.26%.
When factoring the last 2 months, the gold miner's shares are down almost 25%.
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What's happened to Evolution shares?
With gold prices falling to multi-year lows, this has caused a negative sentiment on the Evolution share price.
Just last week, the yellow metal reached a low of around US$1,630 before climbing back to US$1,663 at the time of writing.
Evidently, selling gold at a lower price puts a squeeze on the company's revenue margins.
This is being driven by the global economic slowdown as well as the US Federal Reserve aggressively ramping up interest rates to combat inflation.
What about the Evolution dividend?
After the company reported its full-year result, the board declared a fully-franked final dividend of 3 cents apiece.
This brings the full-year dividend to 6 cents per share, down 50% year on year.
And is the 19th consecutive dividend paid to shareholders for a total of $1,053 million since 2013.
Evolution has a current dividend yield of 2.98%.
Evolution share price snapshot
It has been a rollercoaster ride for Evolution investors, with its shares reaching a multi-year low of $1.805 on Tuesday.
The company's share price is down more than 50% in 2022.
Evolution commands a market capitalisation of approximately $3.64 billion and has over 1.83 billion shares on its registry.
