Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$613.7b

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

Johnson & Johnson

Market Cap: US$584.4b

Engages in the research and development, manufacture, and sale of a range of products in the healthcare field worldwide.

Bank of America

Market Cap: US$382.7b

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

Roche Holding

Market Cap: CHF 295.5b

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

Industrial and Commercial Bank of China

Market Cap: HK$2.7t

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

Merck

Market Cap: US$303.5b

Operates as a healthcare company worldwide.

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.

Wells Fargo

Market Cap: US$274.3b

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¥1.9t

Produces and sells liquor products in China and internationally.

Bank of China

Market Cap: HK$1.8t

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

Shell

Market Cap: UK£168.1b

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

China Mobile

Market Cap: HK$1.7t

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

Citigroup

Market Cap: US$202.9b

A diversified financial service holding company, provides various financial products and services to consumers, corporations, governments, and institutions.

Abbott Laboratories

Market Cap: US$195.0b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Gilead Sciences

Market Cap: US$187.8b

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

Banco Santander

Market Cap: €159.0b

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

Deutsche Telekom

Market Cap: €157.9b

Provides integrated telecommunication services worldwide.

China Life Insurance

Market Cap: HK$1.4t

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.2t

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

TotalEnergies

Market Cap: €141.6b

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

Toronto-Dominion Bank

Market Cap: CA$222.7b

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

CNOOC

Market Cap: HK$1.3t

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

Banco Bilbao Vizcaya Argentaria

Market Cap: €113.2b

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

Accenture

Market Cap: US$132.5b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

UniCredit

Market Cap: €110.4b

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

Progressive

Market Cap: US$119.6b

Operates as an insurance company in the United States.

Sanofi

Market Cap: €97.5b

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

Mizuho Financial Group

Market Cap: JP¥17.7t

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

Zurich Insurance Group

Market Cap: CHF 81.9b

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

United Parcel Service

Market Cap: US$99.1b

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

AXA

Market Cap: €79.8b

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

PNC Financial Services Group

Market Cap: US$94.0b

Operates as a diversified financial services company in the United States.

U.S. Bancorp

Market Cap: US$91.2b

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

Automatic Data Processing

Market Cap: US$86.4b

Provides cloud-based human capital management (HCM) solutions worldwide.

Midea Group

Market Cap: CN¥595.2b

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

Tokio Marine Holdings

Market Cap: JP¥12.3t

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