15 Dividend Growth Stocks with the Highest Growth Rates

4. Scorpio Tankers Inc. (NYSE:STNG)

5-Year Average Dividend Growth Rate: 32.28%

Scorpio Tankers Inc. (NYSE:STNG) is among the best dividend stocks to invest in.

On January 9, Bank of America downgraded Scorpio Tankers Inc. (NYSE:STNG) to Underperform from Buy and set a $53 price target. The firm said Scorpio has been locking in more time-charter agreements, which is often a sign management believes spot market rates are near a peak. BofA also pointed to the possibility of a Russia-Ukraine peace agreement in the year ahead, arguing that it could shift market dynamics and take pressure off tanker rates. With those factors in mind, the analyst said earnings look closer to peak levels and expects freight rates could trend lower from here.

In other news, on January 13, Scorpio shared an update on its liquidity, debt position, and upcoming newbuilding commitments. The company said it had $783.9 million available under its revolving credit facilities as of January 9, 2026.

Scorpio has also been active on the portfolio and asset side. Since October 28, 2025, the company sold its remaining 3,551,794 shares in DHT Holdings at an average price of $13.40 per share. It has also continued selling vessels. In November 2025, the company completed the previously announced sale of the 2020-built MR tanker STI Maestro for $42.0 million. The company also sold three 2014-built MR tankers- STI Battery, STI Venere, and STI Milwaukee- for $32.0 million each.

In early December 2025, Scorpio closed two more previously announced deals, selling the 2014-built MR tanker STI Yorkville for $32.0 million, and the 2019-built LR2 tanker STI Lobelia for $61.2 million.

Scorpio Tankers Inc. (NYSE:STNG) is a global shipping company focused on transporting refined petroleum products. It currently owns or leases 93 product tankers, including 37 LR2 vessels, 42 MR tankers, and 14 Handymax tankers, with an average fleet age of 9.8 years.