U.K. Undervalued Dividend Payers

Rio Tinto Group

Market Cap: UK£76.7b

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

BP

Market Cap: UK£64.6b

An integrated energy company, provides carbon products and services.

NatWest Group

Market Cap: UK£42.2b

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

Tesco

Market Cap: UK£27.5b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

International Consolidated Airlines Group

Market Cap: UK£17.7b

Engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally.

Associated British Foods

Market Cap: UK£15.8b

Operates as a diversified food, ingredients, and retail company worldwide.

Coca-Cola HBC

Market Cap: UK£14.3b

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.

Bunzl

Market Cap: UK£7.3b

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

Pearson

Market Cap: UK£7.3b

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

J Sainsbury

Market Cap: UK£6.7b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Beazley

Market Cap: UK£5.5b

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

ConvaTec Group

Market Cap: UK£4.7b

Engages in the development, manufacturing, and sale of medical products, services and technologies in Europe, North America, and internationally.

DCC

Market Cap: UK£4.6b

Engages in the sales, marketing, and distribution of carbon energy solutions in the Republic of Ireland, the United Kingdom, France, the United States, and internationally.

Hikma Pharmaceuticals

Market Cap: UK£4.2b

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

IG Group Holdings

Market Cap: UK£3.9b

A fintech company, engages in the online trading business worldwide.

Lion Finance Group

Market Cap: UK£3.3b

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

Bellway

Market Cap: UK£3.0b

Engages in the homebuilding business in the United Kingdom.

Johnson Matthey

Market Cap: UK£2.9b

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.

TBC Bank Group

Market Cap: UK£2.7b

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

Drax Group

Market Cap: UK£2.4b

Engages in renewable power generation in the United Kingdom.

OSB Group

Market Cap: UK£2.0b

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

Mitie Group

Market Cap: UK£1.9b

Provides facilities management and professional services in the United Kingdom and internationally.

Big Yellow Group

Market Cap: UK£1.9b

Big Yellow is the UK's brand leader in self storage.

Paragon Banking Group

Market Cap: UK£1.7b

Provides financial products and services in the United Kingdom.

Grafton Group

Market Cap: UK£1.7b

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

MONY Group

Market Cap: UK£1.1b

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

4imprint Group

Market Cap: UK£1.0b

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

Pets at Home Group

Market Cap: UK£1.0b

Engages in the omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom.

Keller Group

Market Cap: UK£972.4m

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

Bytes Technology Group

Market Cap: UK£870.8m

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

Vesuvius

Market Cap: UK£866.8m

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

Renew Holdings

Market Cap: UK£664.9m

Provides engineering services in the United Kingdom.

Morgan Advanced Materials

Market Cap: UK£632.9m

Manufactures and sells various carbon and ceramic products.

CMC Markets

Market Cap: UK£625.4m

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

Johnson Service Group

Market Cap: UK£546.3m

Provides textile rental and related services in the United Kingdom and Ireland.

Foresight Group Holdings

Market Cap: UK£513.3m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.