Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$621.1b

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

Johnson & Johnson

Market Cap: US$590.8b

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

Roche Holding

Market Cap: CHF 289.9b

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$302.8b

Operates as a healthcare company worldwide.

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.

Kweichow Moutai

Market Cap: CN¥1.8t

Produces and sells liquor products in China and internationally.

Wells Fargo

Market Cap: US$267.7b

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$1.8t

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

Shell

Market Cap: UK£171.4b

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.

Abbott Laboratories

Market Cap: US$199.4b

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

Banco Santander

Market Cap: €161.5b

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

Deutsche Telekom

Market Cap: €156.1b

Provides integrated telecommunication services worldwide.

Gilead Sciences

Market Cap: US$182.6b

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

TotalEnergies

Market Cap: €144.6b

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.

China Life Insurance

Market Cap: HK$1.3t

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.1t

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

Toronto-Dominion Bank

Market Cap: CA$222.9b

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

CNOOC

Market Cap: HK$1.2t

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

ConocoPhillips

Market Cap: US$134.5b

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

Banco Bilbao Vizcaya Argentaria

Market Cap: €113.4b

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

UniCredit

Market Cap: €110.5b

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

Progressive

Market Cap: US$119.9b

Operates as an insurance company in the United States.

Accenture

Market Cap: US$117.8b

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

Sanofi

Market Cap: €97.7b

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

Mizuho Financial Group

Market Cap: JP¥17.2t

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 82.4b

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$96.7b

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

AXA

Market Cap: €81.9b

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

PNC Financial Services Group

Market Cap: US$89.5b

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

U.S. Bancorp

Market Cap: US$87.1b

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

Midea Group

Market Cap: CN¥595.4b

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

Automatic Data Processing

Market Cap: US$86.3b

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

Postal Savings Bank of China

Market Cap: HK$668.7b

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

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.