Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$467.4b

Engages in the exploration and production of crude oil and natural gas in the United States, Canada, the United Kingdom, Singapore, France, and internationally.

Industrial and Commercial Bank of China

Market Cap: HK$2.8t

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

Bank of America

Market Cap: US$338.2b

Through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Samsung Electronics

Market Cap: ₩450.1t

Engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.

Agricultural Bank of China

Market Cap: HK$2.4t

Provides banking products and services.

Roche Holding

Market Cap: CHF 221.1b

Engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and New Zealand.

China Construction Bank

Market Cap: HK$2.1t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Wells Fargo

Market Cap: US$250.5b

A financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.

Kweichow Moutai

Market Cap: CN¥1.8t

Produces and sells liquor products in China and internationally.

China Mobile

Market Cap: HK$1.9t

Provides telecommunications and information related services in Mainland China and Hong Kong.

Bank of China

Market Cap: HK$1.8t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Merck

Market Cap: US$199.1b

Operates as a healthcare company worldwide.

Siemens

Market Cap: €165.6b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Deutsche Telekom

Market Cap: €151.5b

Provides integrated telecommunication services worldwide.

Accenture

Market Cap: US$159.9b

Provides strategy and consulting, industry X, song, and technology and operation services in North America, Europe, the Middle East, Africa, and internationally.

QUALCOMM

Market Cap: US$159.8b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Allianz

Market Cap: €127.6b

Provides property-casualty insurance, life/health insurance, and asset management products and services Internationally.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

Ping An Insurance (Group) Company of China

Market Cap: CN¥982.4b

Ping An Insurance (Group) Company of China, Ltd.

TotalEnergies

Market Cap: €112.6b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

BHP Group

Market Cap: AU$199.1b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally.

Toronto-Dominion Bank

Market Cap: CA$172.4b

Provides various financial products and services in Canada, the United States, and internationally.

Banco Santander

Market Cap: €107.1b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Automatic Data Processing

Market Cap: US$121.8b

Engages in the provision of cloud-based human capital management (HCM) solutions worldwide.

ConocoPhillips

Market Cap: US$117.1b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.

Sanofi

Market Cap: €97.9b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

UniCredit

Market Cap: €96.9b

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

Rio Tinto Group

Market Cap: UK£76.4b

Engages in exploring, mining, and processing mineral resources worldwide.

AXA

Market Cap: €85.6b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Zurich Insurance Group

Market Cap: CHF 79.2b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Banco Bilbao Vizcaya Argentaria

Market Cap: €82.6b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

China Telecom

Market Cap: HK$714.4b

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.

BP

Market Cap: UK£61.7b

An integrated energy company, provides carbon products and services.

Tokio Marine Holdings

Market Cap: JP¥11.8t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Mizuho Financial Group

Market Cap: JP¥11.1t

Engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Midea Group

Market Cap: CN¥540.4b

Manufactures and sells home appliances, and robotic and automation systems in China and internationally.