Invested $1,000 in Evolution Mining shares in 2013? Here’s how much dividend income you’ve received

Gold bars and Australian dollar notes.Gold bars and Australian dollar notes.

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.

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.

The post Invested $1,000 in Evolution Mining shares in 2013? Here’s how much dividend income you’ve received appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper 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.

from The Motley Fool Australia

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