Oslo-listed Golden Ocean, which introduced a symbolic dividend in the second quarter of 2013, has boosted the payout to $0.025 per share for the final three months of the year.
It came as profit for the quarter reached $18.11m, beating the $9.33m of a year ago and the $16.8m forecast.
Revenue climbed from $55.28m to $69.49m year-on-year.
Golden Ocean says after three years of focus on oversupply in the dry cargo market it intends to keep its spot market exposure high to take advantage of rebounding rates.
It
