Jeremy Grantham's top dividend stocks (September 2025) include ICL Group Ltd. (ICL), a global manufacturer of products based on unique minerals.

Jeremy Grantham is a renowned investor and co-founder of GMO, a global asset management firm. His investment philosophy often centers on identifying long-term, value-oriented opportunities and navigating what he perceives as market bubbles.

ICL Group Ltd. (ICL)

ICL Group Ltd. is a leading global specialty minerals company, producing a wide range of products including bromine, potash, and phosphates. These essential resources serve critical markets such as agriculture, food, and engineered materials worldwide.

This position currently represents a value of $3.38 million in Grantham's portfolio. With a remarkable dividend yield of 22.08% and a TTM dividend rate of $0.18, its discounted cash flow is noted at $10.43.

Here's an overview of Jeremy Grantham's trades in ICL Group Ltd.:

Petroleo Brasileiro S.A. Petrobras - ADR (PBR)

Petrobras, a state-controlled Brazilian multinational corporation, is a prominent player in the oil and gas industry. The company is involved in the exploration, production, refining, and distribution of petroleum and its byproducts across the globe.

Petrobras offers an attractive dividend yield of 16.81%, alongside a TTM dividend rate of $1.67. Jeremy Grantham's current holding in the company is valued at $362.3 thousand, and analysts have set a price target of $14.85, with a discounted cash flow estimated at $9.91.

Here's an overview of Jeremy Grantham's trades in Petroleo Brasileiro S.A. Petrobras - ADR:

Owl Rock Capital Corp (ORCC)

Owl Rock Capital Corp operates as a business development company (BDC), focusing on providing financing solutions to middle-market companies. It primarily invests in senior secured loans and other credit instruments, offering capital to a diverse range of industries.

Holding a position worth $1.38 million, Owl Rock Capital Corp currently boasts a dividend yield of 11.65%. The company's TTM dividend rate stands at $1.32, and its discounted cash flow value is calculated at $32.79.

Here's an overview of Jeremy Grantham's trades in Owl Rock Capital Corp:

Civitas Resources Inc - Ordinary Shares New (CIVI)

Civitas Resources Inc. is an independent energy company focused on the acquisition, development, and production of oil and natural gas. Their primary operations are situated in the resource-rich Denver-Julesburg Basin in Colorado.

The current value of this holding in Jeremy Grantham's portfolio is $20.11 million. Civitas Resources pays a TTM dividend rate of $6.08, resulting in an impressive dividend yield of 11.17%, with an analyst price target of $34.0 and a discounted cash flow of $82.54.

Here's an overview of Jeremy Grantham's trades in Civitas Resources Inc - Ordinary Shares New:

Western Union Company (WU)

Western Union Company is a global leader in cross-border, cross-currency money movement and payments. It enables consumers and businesses to send and receive money, make payments, and purchase money orders worldwide.

Western Union, a significant holding for Grantham with a current portfolio value of $2.95 million, offers a dividend yield of 10.84% and a TTM dividend rate of $0.94. Analysts typically project a price target of $8.38, and its discounted cash flow value is $29.37.

Here's an overview of Jeremy Grantham's trades in Western Union Company: