Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$455.0b

Engages in the exploration and production of crude oil and natural gas in the United States, Canada, the United Kingdom, Singapore, France, and internationally.

Bank of America

Market Cap: US$354.9b

Through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Industrial and Commercial Bank of China

Market Cap: HK$2.7t

Provides banking products and services in the People's Republic of China and internationally.

Samsung Electronics

Market Cap: ₩457.8t

Engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.

Roche Holding

Market Cap: CHF 223.2b

Engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and New Zealand.

China Construction Bank

Market Cap: HK$2.1t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Kweichow Moutai

Market Cap: CN¥1.8t

Produces and sells liquor products in China and internationally.

China Mobile

Market Cap: HK$1.9t

Provides telecommunications and information related services in Mainland China and Hong Kong.

Bank of China

Market Cap: HK$1.8t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Siemens

Market Cap: €185.2b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Merck

Market Cap: US$210.4b

Operates as a healthcare company worldwide.

Deutsche Telekom

Market Cap: €151.9b

Provides integrated telecommunication services worldwide.

QUALCOMM

Market Cap: US$171.2b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Accenture

Market Cap: US$156.0b

Provides strategy and consulting, industry X, song, and technology and operation services in North America, Europe, the Middle East, Africa, and internationally.

Gilead Sciences

Market Cap: US$146.4b

A biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

Banco Santander

Market Cap: €122.4b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Pfizer

Market Cap: US$142.5b

Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States and internationally.

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.0t

Ping An Insurance (Group) Company of China, Ltd.

TotalEnergies

Market Cap: €117.6b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Toronto-Dominion Bank

Market Cap: CA$175.8b

Provides various financial products and services in Canada, the United States, and internationally.

Sanofi

Market Cap: €105.5b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Automatic Data Processing

Market Cap: US$122.6b

Provides cloud-based human capital management (HCM) solutions worldwide.

ConocoPhillips

Market Cap: US$117.4b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.

Banco Bilbao Vizcaya Argentaria

Market Cap: €94.4b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

AXA

Market Cap: €89.6b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Zurich Insurance Group

Market Cap: CHF 83.7b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Rio Tinto Group

Market Cap: UK£76.3b

Engages in exploring, mining, and processing mineral resources worldwide.

China Telecom

Market Cap: HK$711.1b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

BP

Market Cap: UK£65.1b

An integrated energy company, provides carbon products and services.

Tokio Marine Holdings

Market Cap: JP¥12.3t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Mizuho Financial Group

Market Cap: JP¥11.9t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Midea Group

Market Cap: CN¥557.7b

Manufactures and sells home appliances, and robotic and automation systems in China and internationally.

Illinois Tool Works

Market Cap: US$75.6b

Provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.

U.S. Bancorp

Market Cap: US$71.8b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Elevance Health

Market Cap: US$69.7b

Operates as a health benefits company in the United States.