5 Best Shipping Stocks That Pay Dividends

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1. Scorpio Tankers Inc. (NYSE:STNG)

Number of Hedge Fund Holders: 34

Scorpio Tankers Inc. (NYSE:STNG) tops our list of the best shipping stocks that pay dividends. The company is primarily engaged in the transportation of refined petroleum products through its fleet of tankers. On November 9, it declared a 40% hike in its quarterly dividend to $0.35 per share. It has been paying dividends consistently since 2013. The stock has a dividend yield of 2.18%, as of December 22.

As of the end of Q3 2023, 34 hedge funds in Insider Monkey’s database reported having stakes in Scorpio Tankers Inc. (NYSE:STNG), up from 31 in the previous quarter. The collective value of these stakes is more than $238.2 million.

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You can also take a look at 16 Most Promising QQQ Stocks According to Hedge Funds and 10 Very High Yield Dividend Stocks Billionaires Are Piling Into

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