London-listed Taylor Maritime Investments (TMI) has sprung a special dividend after banking cash from a flurry of vessel sales

The handysize bulker specialist said it is declaring a dividend of 4 cents per share on top of its regular quarterly dividend of $0.02.

The company will have paid 14 consecutive quarterly dividends, including two special pay-outs, since its 2021 initial public offering, amounting to $113.8m.