Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$628.2b

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

Johnson & Johnson

Market Cap: US$577.5b

Engages in the research and development, manufacture, and sale of a range of products in the healthcare field worldwide.

Bank of America

Market Cap: US$361.0b

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

Roche Holding

Market Cap: CHF 280.8b

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

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.

Merck

Market Cap: US$287.0b

Operates as a healthcare company worldwide.

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.

Wells Fargo

Market Cap: US$253.4b

A financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.

Shell

Market Cap: UK£176.0b

Operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and other Americas.

Bank of China

Market Cap: HK$1.8t

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

China Mobile

Market Cap: HK$1.7t

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

Siemens

Market Cap: €174.3b

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.

Abbott Laboratories

Market Cap: US$193.0b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Citigroup

Market Cap: US$190.6b

A diversified financial service holding company, provides various financial products and services to consumers, corporations, governments, and institutions.

Deutsche Telekom

Market Cap: €159.6b

Provides integrated telecommunication services worldwide.

Gilead Sciences

Market Cap: US$180.2b

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

CNOOC

Market Cap: HK$1.3t

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide.

TotalEnergies

Market Cap: €142.8b

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

Toronto-Dominion Bank

Market Cap: CA$225.1b

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

Banco Santander

Market Cap: €140.7b

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.1t

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

China Life Insurance

Market Cap: HK$1.2t

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

ConocoPhillips

Market Cap: US$142.8b

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

Accenture

Market Cap: US$131.7b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

UBS Group

Market Cap: CHF 94.6b

Provides financial advice and solutions to private, institutional, and corporate clients worldwide.

Banco Bilbao Vizcaya Argentaria

Market Cap: €104.6b

Provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia.

UniCredit

Market Cap: €100.3b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

Sanofi

Market Cap: €93.9b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Mizuho Financial Group

Market Cap: JP¥15.9t

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

Zurich Insurance Group

Market Cap: CHF 76.1b

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

Canadian Natural Resources

Market Cap: CA$129.1b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Canadian Imperial Bank of Commerce

Market Cap: CA$126.2b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Automatic Data Processing

Market Cap: US$89.7b

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

United Parcel Service

Market Cap: US$88.4b

A package delivery and logistics provider, offers transportation and delivery services.

AXA

Market Cap: €76.3b

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