Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$565.9b

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

Chevron

Market Cap: US$338.3b

Through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally.

Roche Holding

Market Cap: CHF 268.0b

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

Agricultural Bank of China

Market Cap: HK$2.4t

Provides banking products and services.

China Construction Bank

Market Cap: HK$2.2t

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.

Contemporary Amperex Technology

Market Cap: CN¥1.8t

Engages in the research, development, production, and sale of electric vehicle and energy storage system batteries in China and internationally.

Wells Fargo

Market Cap: US$256.6b

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

Bank of China

Market Cap: HK$2.0t

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

PetroChina

Market Cap: HK$1.9t

Engages in a range of petroleum related products, services, and activities in Mainland China and internationally.

Siemens

Market Cap: €206.1b

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.

Mitsubishi UFJ Financial Group

Market Cap: JP¥36.5t

Provides various financial products and services in Japan, the United States, Europe, the Middle East, Asia, Oceania, and internationally.

China Mobile

Market Cap: HK$1.7t

Provides communication, computing, and AI services in Mainland China and Hong Kong.

Kweichow Moutai

Market Cap: CN¥1.5t

Produces and sells liquor products in China and internationally.

Shell

Market Cap: UK£161.5b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

TotalEnergies

Market Cap: €151.8b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

Gilead Sciences

Market Cap: US$158.8b

A biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally.

Sumitomo Mitsui Financial Group

Market Cap: JP¥24.4t

Provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.

Deutsche Telekom

Market Cap: €126.4b

Provides integrated telecommunication services worldwide.

Banco Bilbao Vizcaya Argentaria

Market Cap: €119.3b

Provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia.

China Merchants Bank

Market Cap: CN¥920.7b

Provides various banking products and services.

China Life Insurance

Market Cap: HK$1.0t

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

UniCredit

Market Cap: €115.5b

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

CNOOC

Market Cap: HK$1.0t

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide.

ConocoPhillips

Market Cap: US$129.1b

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥830.0b

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

Zurich Insurance Group

Market Cap: CHF 88.0b

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

Bank of Nova Scotia

Market Cap: CA$150.1b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Canadian Imperial Bank of Commerce

Market Cap: CA$147.5b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Sanofi

Market Cap: €90.1b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

AXA

Market Cap: €89.2b

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

U.S. Bancorp

Market Cap: US$94.9b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

United Parcel Service

Market Cap: US$91.9b

A package delivery and logistics provider, offers transportation and delivery services.

ING Groep

Market Cap: €77.8b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Midea Group

Market Cap: CN¥586.2b

Engages in the manufacture and sale of electrical appliance in China and internationally.

Postal Savings Bank of China

Market Cap: HK$663.2b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.