Hoping to bag the next Evolution Mining dividend? Here's what to do

Evolution Mining shares trade ex-div tomorrow. Here's everything you need to now.

| More on:
Gold bars and Australian dollar notes.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • The ASX 200 is getting smashed today 
  • But the Evolution Mining share price is falling by an even nastier 4% 
  • This comes as the gold miner prepares to trade ex-div tomorrow... 

It's been an awful start to the trading week for the Evolution Mining Ltd (ASX: EVN) share price this Monday. At the time of writing, Evolution shares are down a nasty 4.4% at $2.39 each.

That's a far worse performance than that of the S&P/ASX 200 Index (ASX: XJO), which has lost a less severe but still depressing 2.07% at present.

This drop for gold miner Evolution Mining comes despite some positive conditions for gold, which my Fool colleague went through this morning.

Earlier this month, we covered Evolution's full-year earnings for FY2022.

As we went through at the time, these earnings saw Evolution post total revenues of $2.06 billion, up 11% year on year.

But a 6% slide in statutory net profit after tax (NPAT) to $323.3 million and a 2% drop in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $898.814 million didn't exactly inspire investors.

Evolution shares dropped 1.56% on the day the earnings were posted, and the company is now down around 7% since.

Everything you need to know about Evolution's dividend

But let's talk about Evolution's upcoming dividend. So the gold miner declared a final and fully franked dividend of 3 cents per share for FY22.

That was consistent with the company's last interim dividend. But a 40% drop from FY21's final dividend of 5 cents per share.

Evolution shares will trade ex-dividend for this payment on 30 August (tomorrow). This means that any investor wishing to receive this dividend must own Evolution shares by the end of this trading day.

When the shares trade ex-div tomorrow, it will lock any new investors out of this dividend. As such, we can expect the typical ex-dividend share price drop during tomorrow's trading session.

Investors will then have to wait until 30 September to receive the dividend in their bank accounts. Evolution shares are not currently operating a dividend reinvestment plan (DRP), so Evolution shareholders have no choice but to receive this payment in cash.

The Evolution Mining share price today has a fully franked dividend yield of 2.51%, which includes this upcoming payment.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Sebastian Bowen 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.

More on Gold

Rising gold share price represented by a green arrow on piles of gold block.
Gold

Up 72% in 2025, why is this ASX 200 gold stock racing ahead of the benchmark again today?

Investors are bidding up this high-flying ASX 200 gold stock again on Thursday. But why?

Read more »

Three miners wearing hard hats and high vis vests take a break on site at a mine as the Fortescue share price drops in FY22
Gold

With the gold price near records, should I buy Evolution Mining shares today?

With Evolution Mining shares up 116% in 12 months, should I still buy the ASX gold stock today?

Read more »

A man with a wide, eager smile on his face holds up three fingers.
Gold

3 reasons this ASX 200 gold mining giant could soar higher into 2026

A leading expert forecasts more outperformance from this surging ASX 200 gold stock.

Read more »

Gold nugget with a red arrow going down.
Gold

Why you need to keep an eye on the Evolution Mining share price

Evolution Mining shares show potential for more growth.

Read more »

Miner looking at a tablet.
Gold

Why now is the time to buy Northern Star shares

A leading expert recommends buying the recent dip on Northern Star shares. But why?

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

Up 114% in a year, why is this ASX 200 gold stock pushing higher again on Tuesday?

The ASX 200 gold stock has more than doubled investors' money in a year, and it’s in the green again…

Read more »

Woman with gold nuggets on her hand.
Gold

Get exposure beyond Australian gold miners with this ASX ETF

This ASX ETF is up more than 30% already this year. 

Read more »

Calculator and gold bars on Australian dollars, symbolising dividends.
Gold

Up 40% this year, how much further upside does Macquarie tip for Resolute Mining shares?

Can this gold miner continue to glitter for investors? Let's find out what one leading broker is saying.

Read more »