Global Undervalued Dividend Payers

Exxon Mobil

Market Cap: US$616.8b

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$564.9b

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

Roche Holding

Market Cap: CHF 286.2b

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$293.7b

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£157.5b

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

Gilead Sciences

Market Cap: US$181.4b

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.

Deutsche Telekom

Market Cap: €145.3b

Provides integrated telecommunication services worldwide.

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.2t

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

Toronto-Dominion Bank

Market Cap: CA$218.5b

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

QUALCOMM

Market Cap: US$158.9b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Rio Tinto Group

Market Cap: UK£115.6b

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

TotalEnergies

Market Cap: €132.7b

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$148.7b

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

UniCredit

Market Cap: €113.7b

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

Banco Bilbao Vizcaya Argentaria

Market Cap: €113.3b

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

Progressive

Market Cap: US$120.5b

Operates as an insurance company in the United States.

Sanofi

Market Cap: €98.0b

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

United Parcel Service

Market Cap: US$99.0b

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

Automatic Data Processing

Market Cap: US$94.5b

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

AXA

Market Cap: €79.1b

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

PNC Financial Services Group

Market Cap: US$92.6b

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

U.S. Bancorp

Market Cap: US$92.4b

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¥602.5b

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

SLB

Market Cap: US$76.8b

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

Elevance Health

Market Cap: US$75.7b

Operates as a health benefits company in the United States.

Oversea-Chinese Banking

Market Cap: S$96.3b

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

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.

Tokio Marine Holdings

Market Cap: JP¥11.2t

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

NatWest Group

Market Cap: UK£51.9b

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