http://www.asx.com.au//asxpdf/20170529/pdf/43jkv77qys6mzm.pdf I...

http://www.asx.com.au//asxpdf/20170529/pdf/43jkv77qys6mzm.pdf
I do hope they follow through with their promise but as stated on page 14, they will only "endeavour" to pay even with NPAT. Lots of caveats. To me, it still sounds 50/50.

• The Board of XPD resolved on 29 May 2017 to adopt a dividend policy under which XPD will endeavour to maintain an annual minimum dividend payment ratio of 20% of net profit after tax for 2017 and ongoing.
• In determining an appropriate dividend payment, XPD will consider, among other things:
  • •  Legal and prudential requirements; and
  • •  Cash flow requirements for investing and balance sheet
    activity
• In addition, the Board maintains the discretion to determine whether or not a dividend is payable and the amount of any dividend payment.