Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$510.2b

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$500.1b

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

Industrial and Commercial Bank of China

Market Cap: HK$2.9t

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

Roche Holding

Market Cap: CHF 280.2b

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$2.1t

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.

PetroChina

Market Cap: HK$2.1t

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

Merck

Market Cap: US$263.2b

Operates as a healthcare company worldwide.

Kweichow Moutai

Market Cap: CN¥1.7t

Produces and sells liquor products in China and internationally.

Bank of China

Market Cap: HK$1.9t

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.

Siemens

Market Cap: €185.9b

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.

Shell

Market Cap: UK£156.8b

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

Accenture

Market Cap: US$166.1b

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

China Life Insurance

Market Cap: HK$1.3t

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

Toronto-Dominion Bank

Market Cap: CA$219.3b

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

Deutsche Telekom

Market Cap: €131.5b

Provides integrated telecommunication services worldwide.

Gilead Sciences

Market Cap: US$152.8b

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

Pfizer

Market Cap: US$142.1b

Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States and internationally.

TotalEnergies

Market Cap: €119.6b

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.

Rio Tinto Group

Market Cap: UK£102.3b

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

CNOOC

Market Cap: HK$1.0t

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: €114.5b

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: €110.5b

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

Sanofi

Market Cap: €100.7b

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

ConocoPhillips

Market Cap: US$116.3b

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

AXA

Market Cap: €83.4b

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

Mizuho Financial Group

Market Cap: JP¥14.1t

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

United Parcel Service

Market Cap: US$84.6b

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

U.S. Bancorp

Market Cap: US$84.4b

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¥585.0b

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

PNC Financial Services Group

Market Cap: US$83.1b

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

China Telecom

Market Cap: HK$618.8b

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.

Deutsche Bank

Market Cap: €63.1b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Illinois Tool Works

Market Cap: US$72.8b

Provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.

NatWest Group

Market Cap: UK£52.1b

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

Tokio Marine Holdings

Market Cap: JP¥10.9t

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