0006 GMT - Evolution Mining's shifting thinking around its dividend has caught Macquarie's eye. Evolution is reviewing its dividend policy ahead of the FY 2026 result and reiterated it won't hold excess cash, the bank highlights in a note to clients. "In our view, there could be scope for Evolution to lift its 2H26 dividend above the targeted return of 50% of group cash flow, similar to the 1H26 where Evolution elected to pay out 67% of group cash flow," Macquarie says. It forecasts a 2H dividend of A$0.20, representing a 50% payout of cash flow. But in a scenario where Evolution pays out 67% of cash flow in 2H then this would increase to A$0.26, Macquarie says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 15, 2026 20:06 ET (00:06 GMT)

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