Global Undervalued Dividend Payers

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Goneo Group

Market Cap: CN¥86.1b

Provides electrical products.

Magna International

Market Cap: CA$16.4b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق43.2b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Unum Group

Market Cap: US$11.8b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Union Bank of India

Market Cap: ₹1.0t

Provides banking products and services in India.

BKW

Market Cap: CHF 9.5b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

ARC Resources

Market Cap: CA$16.0b

Engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.

Aisin

Market Cap: JP¥1.7t

Manufactures and sells automotive parts, and energy and lifestyle related products.

Canara Bank

Market Cap: ₹993.7b

Provides various banking products and services in India and internationally.

AB SKF

Market Cap: SEK 107.4b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

China Resources Beer (Holdings)

Market Cap: HK$87.6b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Tsingtao Brewery

Market Cap: HK$85.8b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Bank of Chengdu

Market Cap: CN¥78.3b

Provides various commercial banking products and services in China.

Viper Energy

Market Cap: US$10.8b

Owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America.

LARGAN PrecisionLtd

Market Cap: NT$319.0b

Manufactures and sells precision optical plastic lenses in China, South Korea, Vietnam, Japan, and internationally.

KT&G

Market Cap: ₩14.7t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Daiwa Securities Group

Market Cap: JP¥1.6t

Operates in the financial and capital markets in Japan and internationally.

Piraeus Financial Holdings

Market Cap: €9.0b

Provides banking products and services in Greece and internationally.

Skyworks Solutions

Market Cap: US$10.5b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Puig Brands

Market Cap: €8.9b

Operates in the beauty and fashion industry in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Krung Thai Bank

Market Cap: ฿336.8b

Engages in commercial banking business in Thailand and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$81.4b

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

Huadong Medicine

Market Cap: CN¥74.2b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Asahi Kasei

Market Cap: JP¥1.5t

Manufactures and sells chemicals.

TIM

Market Cap: R$54.8b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Bunzl

Market Cap: UK£7.4b

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

Suntory Beverage & Food

Market Cap: JP¥1.5t

Engages in manufacture and sale of alcoholic and non-alcoholic beverages, and foods in Japan, Asia-Pacific, Europe, and the Americas.

Jiangxi Copper

Market Cap: HK$78.4b

Engages in exploring, mining, ore dressing, smelting, refining, and processing of copper in Mainland China, Hong Kong, and internationally.

Anhui Gujing Distillery

Market Cap: CN¥71.7b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Smithfield Foods

Market Cap: US$9.9b

Produces packaged meats and fresh pork in the United States and internationally.

H World Group

Market Cap: US$9.8b

Develops leased and owned, manachised, and franchised hotels in the People’s Republic of China.

Zhejiang Zheneng Electric Power

Market Cap: CN¥69.9b

Zhejiang Zheneng Electric Power Co., Ltd.

Zhejiang NHU

Market Cap: CN¥69.3b

Engages in the production and sale of nutrition, flavor and fragrance, and new polymer materials in the People’s Republic of China.

iA Financial

Market Cap: CA$13.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Amdocs

Market Cap: US$9.6b

Through its subsidiaries, provides software and services to communications, entertainment, and media service providers worldwide.