Newpark REIT Limited provided dividend guidance for the six months ended 31 August 2023 and full year ending February 29, 2024. For the six months, the company announced that subject to final approval by the board of directors, the company intends to declare a dividend per share of 35.00 cents per share, being a increase of 40.00% compared to the dividend per share of 25.00 cents per share for the six months ended 31 August 2022.

Based on the revised forecast and planned retention for capital expenditure,the dividend per share for the full year ending 29 February 2024 is expected to be between 70.55 and 77.27 cents per share being an increase of 5.00% to 15.00% of the full dividend of 67.19 cents per share declared in respect of the earnings for the year ended 28 February 2023.