It's been 10 years since Evolution Mining Ltd (ASX: EVN) introduced its revenue-linked dividend policy, and it's provided those invested in its shares with more than 20 payouts since. In the meantime, stock in the gold producer has risen 122%.
Indeed, a $1,000 investment in Evolution Mining shares in February 2013 likely would have bought 800 securities at $1.25 apiece.
Today, that parcel would be worth $2,224. The Evolution Mining share price last closed at $2.78.
For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 45% in that time.
But how much have long-term Evolution Mining investors made when it comes to dividends? Let's take a look.
Image source: Getty Images
Own Evolution Mining shares? Here are all the company's dividends
Here are all the dividends that have been paid to those invested in Evolution Mining shares since 2013:
| Evolution dividends' pay date | Type | Dividend amount |
| August 2022 | Final | 3 cents |
| March 2022 | Interim | 3 cents |
| September 2021 | Final | 5 cents |
| March 2021 | Interim | 7 cents |
| September 2020 | Final | 9 cents |
| March 2020 | Interim | 7 cents |
| September 2019 | Final | 6 cents |
| March 2019 | Interim | 3.5 cents |
| September 2018 | Final | 4 cents |
| March 2018 | Interim | 3.5 cents |
| September 2017 | Final | 3 cents |
| March 2017 | Interim | 2 cents |
| September 2016 | Final | 2 cents |
| March 2016 | Interim | 1 cent |
| October 2015 | Final | 1 cent |
| March 2015 | Interim | 1 cent |
| October 2014 | Final | 1 cent |
| March 2014 | Interim | 1 cent |
| September 2013 | Maiden | 1 cent |
| Total: | 64 cents |
As the chart above shows, each Evolution Mining share has yielded 64 cents of dividends since the company's maiden payout.
That means our figurative $1,000 parcel has probably provided $552 of passive income over its life – bringing its return on investment (ROI) to 178%.
And, of course, if an investor were to have reinvested their dividends, they could have realised further gains through the power of compounding.
Not to mention, all Evolution Mining dividends since September 2017 have been fully franked. Thus, they've had the potential to bring tax benefits.
Right now, Evolution Mining shares boast a 2.16% dividend yield.
The ASX 200 company also declared its next dividend last week. It comes in at 2 cents per share and will be paid in June.
