Richard Pzena's top dividend stocks (August 2025) include Equinor ASA (EQNR), a multinational energy company focused on oil, gas, and renewable energy. These selections offer a glimpse into the value investor's approach to income-generating opportunities in the current market.

Richard Pzena is the founder and co-Chief Investment Officer of Pzena Investment Management. His firm is renowned for its distinctive value-oriented investment philosophy, which centers on identifying companies trading below their intrinsic value and patiently waiting for the market to recognize their true worth. This disciplined approach often leads to investments in overlooked or temporarily out-of-favor companies.

Equinor ASA (EQNR)

Equinor ASA is a Norwegian state-owned multinational energy company with operations spanning across the globe. It is a major player in the exploration, production, and transportation of oil and gas, while also making significant strides in developing renewable energy solutions like offshore wind power. The current dividend yield for Equinor ASA is an impressive 18.07%, with a trailing twelve-month (TTM) dividend rate of $2.36. Richard Pzena's current position in Equinor ASA holds a value of $345.62K, and a discounted cash flow analysis suggests a value of $31.82 per share.
Here's an overview of Richard Pzena's trades in Equinor ASA:

Companhia Energ¨¦tica de Minas Gerais (CIG)

Companhia Energ¨¦tica de Minas Gerais, widely known as Cemig, is one of Brazil's largest integrated utilities, providing services across the spectrum of electricity generation, transmission, distribution, and commercialization. The company also has significant operations in natural gas distribution. Cemig currently offers a dividend yield of 12.79%, with a TTM dividend rate amounting to $0.33. Pzena's portfolio currently holds a position in Cemig valued at $2.87M, and its discounted cash flow is estimated at $2.89.
Here's an overview of Richard Pzena's trades in Companhia Energ¨¦tica de Minas Gerais:

Dow Inc (DOW)

Dow Inc. is a global materials science company that combines science and technology to innovate solutions for critical global challenges. It provides a broad range of differentiated products and solutions for various end-markets, including packaging, infrastructure, and consumer care. Investors in Dow Inc. currently enjoy a dividend yield of 10.98%, with the company having paid out a TTM dividend rate of $2.80 per share. Richard Pzena's stake in Dow Inc. is a substantial $630.95M, with analysts setting a price target of $31.0 and a discounted cash flow valuation pointing to $83.73.
Here's an overview of Richard Pzena's trades in Dow Inc:

Huntsman Corp (HUN)

Huntsman Corp is a global manufacturer and marketer of differentiated chemicals, serving a diverse range of consumer and industrial markets. Its products include polyurethanes, performance products, and advanced materials used in sectors from automotive to footwear. This chemical giant offers a compelling dividend yield of 8.94%, alongside a TTM dividend rate of $1.00. The current value of Richard Pzena's holding in Huntsman Corp stands at $51.51M, with an analyst price target of $12.0 and a discounted cash flow value of $21.24.
Here's an overview of Richard Pzena's trades in Huntsman Corp:

Pfizer Inc. (PFE)

Pfizer Inc. is a leading global pharmaceutical and biotechnology corporation, dedicated to the discovery, development, manufacturing, and marketing of healthcare products, including medicines and vaccines, for a wide range of therapeutic areas. The company has a significant global presence, providing innovative treatments to patients worldwide. As of late, Pfizer presents a dividend yield of 8.59%, reflecting a TTM dividend rate of $2.13 per share. Pzena's current position in Pfizer Inc. is valued at $152.76M. Analysts have set a price target of $24.0, while its discounted cash flow stands at $64.3.
Here's an overview of Richard Pzena's trades in Pfizer Inc.: