10 Best Shipping Stocks With Dividends

3. Scorpio Tankers Inc. (NYSE:STNG)

Number of Hedge Fund Holders: 27

Scorpio Tankers Inc. (NYSE:STNG) is a shipping company specializing in the transportation of oil and petroleum products. With a strategic operating model and a seasoned leadership team, the company is focused on delivering long-term performance, meeting complex global regulations, and maintaining high environmental standards.

More than 85% of Scorpio Tankers Inc. (NYSE:STNG)’s fleet is outfitted with exhaust gas cleaning systems (scrubbers), allowing the company to use lower-cost fuels while remaining compliant with environmental regulations, ultimately enhancing returns for shareholders.

In July 2025, Scorpio Tankers Inc. (NYSE:STNG) agreed to bareboat charter its MR tanker, STI Bosphorus, at $13,150 per day (about $21,000 TCE) to a third-party joint venture. The vessel will be reflagged under the US and enrolled in the Tanker Security Program, with the charter running until 2037, subject to annual NDAA renewals. The deal is set to begin in August 2025.

In addition to its growth strategies, Scorpio Tankers Inc. (NYSE:STNG) also remains committed to its shareholder obligations. Over the course of its dividend history, the company has raised its payouts several times and currently offers a quarterly dividend of $0.40 per share. With a dividend yield of 3.50%, as of July 30, STNG is among the best dividend stocks from the shipping sector.