Global Undervalued Dividend Payers

China Coal Energy

Market Cap: HK$199.5b

China Coal Energy Company Limited mines, produces, processes, trades in, and sells coal in the People’s Republic of China and internationally.

China Tower

Market Cap: HK$195.8b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Luzhou LaojiaoLtd

Market Cap: CN¥171.1b

Produces and sells alcoholic products in China and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.8t

Operates as a trust bank in Japan and internationally.

Hana Financial Group

Market Cap: ₩35.1t

Through its subsidiaries, provides financial services in South Korea.

Repsol

Market Cap: €20.5b

Operates as a multi-energy company in Spain, Peru, the United States, Portugal, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$23.8b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Coterra Energy

Market Cap: US$23.7b

An independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

QBE Insurance Group

Market Cap: AU$33.5b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Bunge Global

Market Cap: US$23.6b

Operates as an agribusiness and food company worldwide.

FUJIFILM Holdings

Market Cap: JP¥3.6t

Provides products and services in the fields of healthcare, electronics, business innovation, and imaging in Japan, the Americas, Europe, Asia, and internationally.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩33.4t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Great Wall Motor

Market Cap: HK$176.8b

Engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

AIB Group

Market Cap: €18.9b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Fuyao Glass Industry Group

Market Cap: CN¥153.8b

Engages in the provision of safety glass solutions and automotive accessories for various transportation vehicles in China and internationally.

China United Network Communications

Market Cap: CN¥150.1b

Provides telecommunication services in the People’s Republic of China.

Essity

Market Cap: SEK 196.1b

Develops, produces, and sells hygiene and health products and services in Europe, North and Latin America, Asia, and internationally.

Publicis Groupe

Market Cap: €18.0b

Provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East.

Emaar Development PJSC

Market Cap: د.إ77.6b

Develops and sells residential and commercial build-to-sell properties in the United Arab Emirates.

T. Rowe Price Group

Market Cap: US$20.8b

A publicly owned investment manager.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp351.7t

Provides information and communications technology, and telecommunications network services worldwide.

China Galaxy Securities

Market Cap: HK$161.6b

Provides various financial services in the People’s Republic of China.

Bank of Shanghai

Market Cap: CN¥141.7b

Provides various banking products and services in China.

Aristocrat Leisure

Market Cap: AU$28.8b

Operates as a gaming content and technology company in Australia and internationally.

NetApp

Market Cap: US$20.3b

Provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Capgemini

Market Cap: €17.2b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Snap-on

Market Cap: US$20.0b

Manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide.

ZTO Express (Cayman)

Market Cap: US$19.4b

Provides express delivery and other value-added logistics services in the People's Republic of China.

Vodacom Group

Market Cap: R308.2b

Provides communications products and services.

Kao

Market Cap: JP¥3.0t

Develops and sells hygiene living care, health beauty care, life care, cosmetics, and chemical products.

Bank of Ireland Group

Market Cap: €16.0b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Yum China Holdings

Market Cap: US$18.9b

Owns, operates, and franchises restaurants in the People’s Republic of China.

Associated British Foods

Market Cap: UK£13.8b

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

Magna International

Market Cap: CA$24.9b

Manufactures and supplies vehicle engineering, contract, and automotive space.

Unipol Assicurazioni

Market Cap: €15.3b

Provides insurance products and services primarily in Italy.

Norsk Hydro

Market Cap: NOK 171.8b

Engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide.