DHT Holdings reported a better-than-expected quarterly result that will allow it to pay its highest dividend since 2009.

The New York-listed tanker owner reported net income of $31.5m for the first quarter, a jump from the $23.2m tallied up for the same period of 2014.

But the earnings per share (EPS) of $0.34 included the $0.09 effect of an $8.1m impairment charge, which means the company did better than the $0.38