Oslo-listed Ocean Yield will pay $0.1475 per share, a bump of half a cent.

It came as the shipowner recorded a profit of $21.1m for the three months to the end of March, down marginally on the $28.6m at the same stage in 2014.

Ocean Yield has enjoyed a busy period since the end of the quarter.

It racked up NOK 1bn via a visit to the Norwegian bond market and taking eight tankers on a sale-and-leaseback deal with Navig8.