Kongsberg has decided to return NOK 1.8bn ($188m) to shareholders after it recorded a jump in third-quarter profit.
The Norwegian shipping technology group said it would pay a dividend of NOK 10 per share.
Oslo-listed Kongsberg has also announced a share buyback programme of up to NOK 200m.
Group net profit rose to NOK 455m in the third quarter, up from NOK 115m in the same period of 2019.
The Kongsberg Maritime division increased profitability in a difficult market, the Oslo-listed company said.
New orders reached NOK 3.43bn in the period, up from NOK 3.34bn the year before.
Revenue dipped to NOK 3.69bn, against NOK 4bn, while Ebitda improved to NOK 411m, versus NOK 223m.
Staff returning from furloughs
This was despite developments in the maritime market continuing to be characterised by significant uncertainty, Kongsberg said.
At the peak of the coronavirus lockdowns earlier this year, about 700 maritime employees were furloughed. But this now stands at 60 staff members.
"We are very pleased with the results for this quarter, for which we achieved an Ebitda margin of 15.8%," Kongsberg chief executive Geir Haoy said.
"Some markets have been, and still are, demanding, especially in the maritime sector. But we've adapted our operations in a satisfactory manner."
Haoy sees a "good" order intake in the next few quarters.
Kongsberg said one area that will be more important for Kongsberg Maritime is conversion of fuel-intensive propulsion systems to hybrid solutions using battery technology.
The company said it has already delivered a number of similar upgrade projects.
Kongsberg Maritime had an order backlog of NOK 11.82bn up to 30 September.
The level of cancellations is low, with NOK 24m of contracts scrapped in the quarter and NOK 372m so far this year.
The majority of these came in the first quarter of 2020.