Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$600.6b

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

Johnson & Johnson

Market Cap: US$561.6b

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

Roche Holding

Market Cap: CHF 287.5b

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$2.8t

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

Merck

Market Cap: US$287.5b

Operates as a healthcare company worldwide.

Kweichow Moutai

Market Cap: CN¥1.9t

Produces and sells liquor products in China and internationally.

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.

Bank of China

Market Cap: HK$1.8t

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

China Mobile

Market Cap: HK$1.8t

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

Shell

Market Cap: UK£163.1b

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

Gilead Sciences

Market Cap: US$177.8b

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

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.

Deutsche Telekom

Market Cap: €144.3b

Provides integrated telecommunication services worldwide.

Rio Tinto Group

Market Cap: UK£117.7b

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

Toronto-Dominion Bank

Market Cap: CA$218.3b

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

TotalEnergies

Market Cap: €134.0b

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.

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.

Accenture

Market Cap: US$148.4b

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

Banco Bilbao Vizcaya Argentaria

Market Cap: €124.2b

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

UniCredit

Market Cap: €118.7b

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

Progressive

Market Cap: US$117.8b

Operates as an insurance company in the United States.

Sanofi

Market Cap: €98.9b

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

Mizuho Financial Group

Market Cap: JP¥17.5t

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

AXA

Market Cap: €80.4b

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

United Parcel Service

Market Cap: US$94.9b

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

Automatic Data Processing

Market Cap: US$94.7b

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

PNC Financial Services Group

Market Cap: US$91.3b

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.

ING Groep

Market Cap: €75.4b

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

Midea Group

Market Cap: CN¥602.5b

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

Oversea-Chinese Banking

Market Cap: S$96.3b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Elevance Health

Market Cap: US$75.3b

Operates as a health benefits company in the United States.

NatWest Group

Market Cap: UK£55.2b

Provides banking and financial products and services in the United Kingdom and internationally.

SLB

Market Cap: US$74.4b

Engages in the provision of technology for the energy industry worldwide.

China Telecom

Market Cap: HK$579.2b

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.