Global Undervalued Dividend Payers

MGIC Investment

Market Cap: US$6.3b

Through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam.

Tianshan Aluminum GroupLtd

Market Cap: CN¥45.4b

Produces and sells primary aluminum, alumina, prebaked anodes, high-purity aluminum, and aluminum deep-processed products and materials in China and internationally.

Beijing New Building Materials

Market Cap: CN¥45.3b

Manufactures and sells building materials in China and internationally.

Nexstar Media Group

Market Cap: US$6.3b

Operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States.

Sunshine Insurance Group

Market Cap: HK$48.9b

Provides various insurance products and related services in the People’s Republic of China.

Pegatron

Market Cap: NT$187.9b

Designs, develops, manufactures, and sells computer, communication, and consumer electronic products in Europe, the United States, Taiwan, China, Japan, and internationally.

Inner Mongolia Dian Tou Energy

Market Cap: CN¥44.5b

Engages in the production and sale of coal products in China.

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.

Jinduicheng Molybdenum

Market Cap: CN¥44.2b

Engages in the research and development, production, and sale of molybdenum series and trading of molybdenum-related products worldwide.

Essent Group

Market Cap: US$6.1b

Through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States.

Hanover Insurance Group

Market Cap: US$6.1b

Through its subsidiaries, provides various property and casualty insurance products and services in the United States.

SCOR

Market Cap: €5.1b

Provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥42.7b

Henan Shenhuo Coal Industry and Electricity Power Co.

Chord Energy

Market Cap: US$5.8b

Operates as an independent exploration and production company in the United States.

Getinge

Market Cap: SEK 55.7b

Provides products and solutions for operating rooms, intensive-care units, and sterilization departments in Sweden and internationally.

Zhejiang Expressway

Market Cap: HK$45.2b

An investment holding company, invests, develops, maintains, and operates roads in the People’s Republic of China.

H. Lundbeck

Market Cap: DKK 37.0b

Engages in the research, development, manufacturing, and commercializing pharmaceuticals for the treatment of psychiatric and neurological disorders in Europe, United States, and internationally.

Kimberly-Clark de México S. A. B. de C. V

Market Cap: Mex$108.0b

Manufactures, distributes, and sells disposable products in Mexico.

Shanxi Coking Coal Energy Group

Market Cap: CN¥41.2b

Shanxi Coking Coal Energy Group Co., Ltd.

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt

Market Cap: Ft1.9t

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt.

Shandong Sunpaper

Market Cap: CN¥40.9b

Produces and sells paper products in China and internationally.

Fukuoka Financial Group

Market Cap: JP¥834.7b

Provides various banking services to individual and corporate customers.

F.N.B

Market Cap: US$5.6b

A bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States.

DB Insurance

Market Cap: ₩7.8t

Provides various insurance products and services in South Korea.

Terreno Realty

Market Cap: US$5.6b

Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, the “Company”) acquires, owns and operates industrial real estate in six major coastal U.S.

Bank OZK

Market Cap: US$5.6b

Operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services in the United States.

CNOOC Energy Technology & Services

Market Cap: CN¥39.8b

Operates in the oil and gas industry in China.

Enact Holdings

Market Cap: US$5.5b

Operates as a private mortgage insurance company in the United States.

Bank of Changsha

Market Cap: CN¥39.6b

Provides various commercial banking products and services to personal and business customers in China.

Valley National Bancorp

Market Cap: US$5.5b

Operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products.

Lear

Market Cap: US$5.4b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

Finning International

Market Cap: CA$7.5b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, the United Kingdom, Argentina, and internationally.

Columbia Banking System

Market Cap: US$5.4b

Operates as the Bank holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States.

Hikma Pharmaceuticals

Market Cap: UK£4.0b

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

Zhen Ding Technology Holding

Market Cap: NT$162.3b

Engages in the design, development, manufacturing, and sales of printed circuit boards (PCB) products in the United States, Mainland China, Taiwan, Singapore, and internationally.

IG Group Holdings

Market Cap: UK£4.0b

A fintech company, engages in the online trading business in the United Kingdom, Ireland, the Asia-Pacific, the Middle East, the United States, Europe, and emerging markets.