Global Undervalued Dividend Payers

United Parcel Service

Market Cap: US$86.4b

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

U.S. Bancorp

Market Cap: US$86.4b

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

Postal Savings Bank of China

Market Cap: HK$673.2b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Midea Group

Market Cap: CN¥574.9b

Engages in the manufacture and sale of electrical appliance in China and internationally.

ING Groep

Market Cap: €70.6b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Marsh & McLennan Companies

Market Cap: US$81.4b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

SLB

Market Cap: US$77.9b

Engages in the provision of technology for the energy industry worldwide.

Suncor Energy

Market Cap: CA$106.0b

Operates as an integrated energy company in Canada, the United States, and internationally.

Automatic Data Processing

Market Cap: US$76.0b

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

China Telecom

Market Cap: HK$584.8b

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.

EOG Resources

Market Cap: US$73.0b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Elevance Health

Market Cap: US$68.4b

Operates as a health benefits company in the United States.

Japan Tobacco

Market Cap: JP¥10.6t

A tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally.

NatWest Group

Market Cap: UK£49.0b

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

Deutsche Post

Market Cap: €54.7b

Operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

Phillips 66

Market Cap: US$63.9b

Operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally.

Nordea Bank Abp

Market Cap: €53.6b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Truist Financial

Market Cap: US$61.6b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Deutsche Bank

Market Cap: €52.1b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa.

Bayerische Motoren Werke

Market Cap: €50.9b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Wuliangye YibinLtd

Market Cap: CN¥396.2b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Industrial Bank

Market Cap: CN¥392.1b

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

Allstate

Market Cap: US$54.5b

Provides property and casualty, and other insurance products in the United States and Canada.

China Pacific Insurance (Group)

Market Cap: CN¥346.0b

Provides insurance products to in the People’s Republic of China.

Swiss Re

Market Cap: CHF 39.5b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Siemens Healthineers

Market Cap: €42.1b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Cenovus Energy

Market Cap: CA$67.3b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

China Hongqiao Group

Market Cap: HK$380.6b

An investment holding company, manufactures and sells aluminum products.

Shanghai Pudong Development Bank

Market Cap: CN¥329.4b

Shanghai Pudong Development Bank Co., Ltd.

CSL

Market Cap: AU$66.8b

Engages in the research, development, manufacture, market, and distribution of biopharmaceutical products and vaccines in Australia, the United States, Germany, the United Kingdom, Switzerland, China, Hong Kong, and internationally.

People's Insurance Company (Group) of China

Market Cap: HK$353.0b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Compagnie de Saint-Gobain

Market Cap: €37.1b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

PICC Property and Casualty

Market Cap: HK$329.2b

Engages in property and casualty insurance business in People’s Republic of China.

Daimler Truck Holding

Market Cap: €33.9b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Kia

Market Cap: ₩57.9t

Manufactures and sells vehicles in South Korea, North America, and Europe.

Quanta Computer

Market Cap: NT$1.2t

Manufactures, processes, and sells laptop computers and telecommunication products in the United States, Mainland China, the Netherlands, Japan, and internationally.