The DivGro Weekly—22.04.22

98 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when we received our quarterly dividend from Roper Technologies and became entitled to our quarterly dividends from Zoetis and Lowe's.

Since DivGro's inception we have now predicted and benefited from 98 consecutive dividend increases at an average annual increase rate of 15.3%.

This week we paid our 10th consecutive quarterly distribution, which has risen by at least a double-digit percentage increase every year since inception.

Lowe's, our home improvement juggernaut, recently celebrated two very significant milestones - reaching its centenary since commencing business, together with its 60th year of consecutive annual dividend increases. Longevity is a particularly favourable characteristic, signifying robustness and the ability to adapt to challenges - most of which would have arisen at least once in a century. Importantly, while acknowledging its longevity and achievements, Lowe's sees itself as still early in its journey forwards. With its fortified and growing market share, Lowe's continues to power its dividend upwards, most recently increasing by an emphatic 33%.