Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$632.6b

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

Johnson & Johnson

Market Cap: US$594.6b

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

Roche Holding

Market Cap: CHF 286.9b

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

Bank of America

Market Cap: US$358.6b

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

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$296.3b

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.

Wells Fargo

Market Cap: US$254.7b

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.

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£173.4b

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.

Siemens

Market Cap: €180.8b

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.

Abbott Laboratories

Market Cap: US$197.4b

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

Citigroup

Market Cap: US$193.8b

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

Deutsche Telekom

Market Cap: €159.4b

Provides integrated telecommunication services worldwide.

Gilead Sciences

Market Cap: US$183.5b

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

CNOOC

Market Cap: HK$1.4t

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

TotalEnergies

Market Cap: €143.0b

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.

Toronto-Dominion Bank

Market Cap: CA$223.3b

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.1t

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

China Life Insurance

Market Cap: HK$1.2t

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

ConocoPhillips

Market Cap: US$144.9b

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

Accenture

Market Cap: US$129.1b

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: €106.2b

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

UBS Group

Market Cap: CHF 95.8b

Provides financial advice and solutions to private, institutional, and corporate clients worldwide.

UniCredit

Market Cap: €103.1b

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

Sanofi

Market Cap: €95.7b

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

Intesa Sanpaolo

Market Cap: €94.3b

Provides various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa.

AIA Group

Market Cap: HK$851.2b

Provides life insurance based financial services in Hong Kong.

Zurich Insurance Group

Market Cap: CHF 77.5b

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$96.1b

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

Mizuho Financial Group

Market Cap: JP¥15.0t

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

Canadian Imperial Bank of Commerce

Market Cap: CA$126.4b

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.

AXA

Market Cap: €77.7b

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

Automatic Data Processing

Market Cap: US$87.1b

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