Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$643.7b

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

Bank of America

Market Cap: US$365.4b

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$2.8t

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

Roche Holding

Market Cap: CHF 266.7b

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

China Construction Bank

Market Cap: HK$2.4t

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.

PetroChina

Market Cap: HK$2.3t

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

Shell

Market Cap: UK£179.4b

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

China Mobile

Market Cap: HK$1.9t

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

Kweichow Moutai

Market Cap: CN¥1.6t

Produces and sells liquor products in China and internationally.

Wells Fargo

Market Cap: US$232.3b

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

Mitsubishi UFJ Financial Group

Market Cap: JP¥34.9t

Operates as a bank holding company that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally.

TotalEnergies

Market Cap: €175.0b

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.

Banco Santander

Market Cap: €150.2b

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

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.

Allianz

Market Cap: €145.8b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

Deutsche Telekom

Market Cap: €141.1b

Provides integrated telecommunication services worldwide.

Gilead Sciences

Market Cap: US$162.0b

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¥22.9t

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥965.7b

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

China Merchants Bank

Market Cap: CN¥948.1b

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: €108.0b

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

Banco Bilbao Vizcaya Argentaria

Market Cap: €107.8b

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

Progressive

Market Cap: US$116.3b

Operates as an insurance company in the United States.

Mizuho Financial Group

Market Cap: JP¥18.2t

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

Intesa Sanpaolo

Market Cap: €98.1b

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

Accenture

Market Cap: US$109.2b

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

Zurich Insurance Group

Market Cap: CHF 84.8b

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

Sanofi

Market Cap: €92.3b

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

Canadian Natural Resources

Market Cap: CA$139.7b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Medtronic

Market Cap: US$100.3b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Bank of Nova Scotia

Market Cap: CA$134.9b

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

AXA

Market Cap: €82.5b

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

Midea Group

Market Cap: CN¥603.1b

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

ING Groep

Market Cap: €75.8b

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

PNC Financial Services Group

Market Cap: US$87.7b

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