Dorian LPG is returning more cash to shareholders in buoyant VLGC markets.

The Stamford-based, New York-listed owner and operator of modern gas carriers has declared a special dividend of $1 per share, or $40.1m.

Fearnley Securities said the move is a continuation of the company's efforts to reward investors, adding to a $1-per-share payout and $120m of stock buybacks announced over the past 12 months.