U.K. Undervalued Dividend Payers

Shell

Market Cap: UK£154.4b

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

Rio Tinto Group

Market Cap: UK£102.2b

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

NatWest Group

Market Cap: UK£51.7b

Provides banking and financial products and services in the United Kingdom and internationally.

3i Group

Market Cap: UK£31.8b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

Associated British Foods

Market Cap: UK£15.0b

Engages in the food, ingredients, and retail businesses worldwide.

Coca-Cola HBC

Market Cap: UK£13.9b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

National Atomic Company Kazatomprom JSC

Market Cap: US$7.3t

Explores for, produces, processes, markets, and sells uranium and uranium related products.

Smith & Nephew

Market Cap: UK£10.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Bunzl

Market Cap: UK£6.7b

Operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.

Pearson

Market Cap: UK£6.7b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

ICG

Market Cap: UK£5.9b

A private equity firm specializing in direct and fund of fund investments.

Beazley

Market Cap: UK£4.9b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Mondi

Market Cap: UK£3.9b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia.

Lion Finance Group

Market Cap: UK£3.9b

Through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets.

Johnson Matthey

Market Cap: UK£3.6b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.

Hikma Pharmaceuticals

Market Cap: UK£3.4b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Bellway

Market Cap: UK£3.1b

Engages in the homebuilding business in the United Kingdom.

Drax Group

Market Cap: UK£2.8b

Engages in renewable power generation in the United Kingdom.

Unite Group

Market Cap: UK£2.7b

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector.

Man Group

Market Cap: UK£2.5b

Man Group Limited is a publicly owned investment manager.

QinetiQ Group

Market Cap: UK£2.3b

Provides science and technology solution in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

OSB Group

Market Cap: UK£2.3b

Through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.

TBC Bank Group

Market Cap: UK£2.2b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

Big Yellow Group

Market Cap: UK£2.0b

Big Yellow is the UK's brand leader in self-storage and operates from a platform of 111 stores.

Grafton Group

Market Cap: UK£1.8b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Greggs

Market Cap: UK£1.7b

Operates as a food-on-the-go retailer in the United Kingdom.

Paragon Banking Group

Market Cap: UK£1.6b

Provides financial products and services in the United Kingdom.

Keller Group

Market Cap: UK£1.2b

Provides specialist geotechnical services in North America, Europe, the Middle East, and the Asia-Pacific.

4imprint Group

Market Cap: UK£1.1b

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

Vesuvius

Market Cap: UK£964.1m

Provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide.

MONY Group

Market Cap: UK£960.5m

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Bytes Technology Group

Market Cap: UK£857.9m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Gamma Communications

Market Cap: UK£837.8m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Genuit Group

Market Cap: UK£805.3m

Develops and produces solutions for water, climate, and ventilation management in the construction industry in the United Kingdom, rest of Europe, and internationally.

CMC Markets

Market Cap: UK£805.2m

Provides a platform for investing, trading, and brokerage in the United Kingdom, Australia, and internationally.

Renew Holdings

Market Cap: UK£704.5m

Provides engineering services in the United Kingdom and rest of Europe.