Hoegh Autoliners began payouts to shareholders amid increasing profit on Thursday — for the first time since carrying out an IPO late last year and listing on the main market of the Oslo Stock Exchange in May.

This is part of a new dividend policy adopted by the owner and operator of around 40 ro-ro vessels and car carriers.

Net profit came in at $53m in the second quarter — up 49%. Hoegh Autoliners said it will distribute $15m of that profit to shareholders in September.