The invention relates to a method for improving rheological properties of an aqueous pigment slurry. In the method dispersion agent is added to an aqueous phase of a slurry comprising pigment particles or to the aqueous phase into which the pigment particles are to be added. The dispersion agent comprises styrene acrylate copolymer. The invention relates also to dispersion agent for a pigment slurry comprising a first component comprising styrene acrylate copolymer and a second component comprising a conventional dispersion agent, such as a straight-chain polyacrylate.