I just read it and laughed!
"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."
20%.... what a JOKE!!!! I would expect around 60% - 70% of Cash NPAT to be paid as dividends
Ann: AGM Presentation, page-4
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