New York-listed Dorian LPG is continuing to return capital to investors despite earnings dropping in the final three months of 2021.

The VLGC owner said its board has authorised a share buy-back of up to $100m, following on from a one-off dividend payment of $40m in January.

That came after a $1-per-share payout and $120m of stock buy-backs announced over the past 12 months as rates remained high.