Image source: Getty Images<\/p>\n
Its 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.<\/p>\n
Thats 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.<\/p>\n
This drop for gold miner Evolution Mining comes despite some positive conditions for gold, which my Fool colleague went through this morning.<\/p>\n
Earlier this month, we covered Evolutions full-year earnings for FY2022.<\/p>\n
As we went through at the time, these earnings saw Evolution post total revenues of $2.06 billion, up 11% year on year.<\/p>\n
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 didnt exactly inspire investors.<\/p>\n
Evolution shares dropped 1.56% on the day the earnings were posted, and the company is now down around 7% since.<\/p>\n
But lets talk about Evolutions upcoming dividend. So the gold miner declared a final and fully franked dividend of 3 cents per share for FY22.<\/p>\n
That was consistent with the companys last interim dividend. But a 40% drop from FY21s final dividend of 5 cents per share.<\/p>\n
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.<\/p>\n
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 tomorrows trading session.<\/p>\n
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.<\/p>\n
The Evolution Mining share price today has a fully franked dividend yield of 2.51%, which includes this upcoming payment.<\/p>\n
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Hoping to bag the next Evolution Mining dividend? Here's what to do - The Motley Fool Australia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Image source: Getty Images Its 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. Thats 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 Continue reading