Banco Bilbao Vizcaya Argentaria S.A.

BBVA, based in Bilbao and Madrid, is one of Spain's largest banks and a global group whose profits are driven above all by a huge, highly profitable business in Mexico, alongside operations in Spain, Turkey and South America. That emerging-market weighting gives it faster growth but also more exposure to currency and political swings. BBVA pays a high dividend and adds large buybacks, returning a big share of its strong profits, which earns it one of the highest DiviScores in the index. A generous yield backed by a profitable, emerging-market-tilted bank defines its appeal, with results sensitive to those markets.