The DivGro Weekly—15.04.22

98 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when Costco raised its dividend by 13.9%, extending our record to 98 consecutive dividend increases, at an average annual increase rate of 15.3%.

We also became entitled to our dividends from American Tower, Evolution AB, Watsco and Abbott Labs.

We are excited to announce an increase in the quarterly distribution to DivGro investors of 11.5%. The next distribution will be paid next week and will be our 10th consecutive quarterly payment, having risen by at least a double digit increase every year since inception.

For more than a century Abbott Labs has shown a remarkable ability to reinvent itself, break into new markets of significant human health advancement, and emerge a winner. This adaptability has enabled Abbott to pay a dividend every quarter since 1924, and recently reach the significant milestone of its 50th year of consecutive annual dividend raises, which have powered an equally spectacular advancement in its share price.