Italian Undervalued Dividend Payers

UniCredit

Market Cap: €90.2b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

Tenaris

Market Cap: €25.7b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

BPER Banca

Market Cap: €21.3b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Unipol Assicurazioni

Market Cap: €13.8b

Provides insurance products and services primarily in Italy.

Hera

Market Cap: €5.7b

A multi-utility company, engages in the waste management, water services, and energy businesses in Italy.

Credito Emiliano

Market Cap: €4.9b

Engages in commercial banking and wealth management activities in Italy.

Azimut Holding

Market Cap: €4.6b

Engages in the asset management business.

De'Longhi

Market Cap: €4.3b

Produces and distributes coffee machines, food preparation and cooking machines, air conditioning and heating, domestic cleaning and ironing, and home care products.

Ariston Holding

Market Cap: €1.2b

Through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally.

Sanlorenzo

Market Cap: €1.1b

Designs, builds, and sells boats and pleasure boats in Italy, rest of Europe, the Asia-Pacific, the United States, the Middle East, and internationally.

Orsero

Market Cap: €246.0m

Imports and distributes fruits and vegetables in Europe, Latin America, and Central America.

Italian Wine Brands

Market Cap: €175.4m

Engages in the production and sale of wine worldwide.