Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$633.5b

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$574.3b

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

Roche Holding

Market Cap: CHF 285.1b

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$290.8b

Operates as a healthcare company worldwide.

Wells Fargo

Market Cap: US$284.2b

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

China Construction Bank

Market Cap: HK$2.2t

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¥1.9t

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£165.6b

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.

Gilead Sciences

Market Cap: US$182.7b

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

Banco Santander

Market Cap: €153.2b

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

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£123.1b

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

Toronto-Dominion Bank

Market Cap: CA$224.0b

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

TotalEnergies

Market Cap: €137.6b

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.

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$148.2b

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

Banco Bilbao Vizcaya Argentaria

Market Cap: €114.3b

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: €112.1b

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

Progressive

Market Cap: US$118.7b

Operates as an insurance company in the United States.

Sanofi

Market Cap: €99.8b

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

United Parcel Service

Market Cap: US$100.7b

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

U.S. Bancorp

Market Cap: US$94.1b

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

PNC Financial Services Group

Market Cap: US$93.8b

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

Automatic Data Processing

Market Cap: US$90.8b

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

AXA

Market Cap: €75.7b

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

Midea Group

Market Cap: CN¥598.8b

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

Marsh & McLennan Companies

Market Cap: US$84.9b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Tokio Marine Holdings

Market Cap: JP¥11.8t

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

NetEase

Market Cap: HK$592.4b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

SLB

Market Cap: US$75.2b

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

China Telecom

Market Cap: HK$567.6b

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.