The DivGro Weekly—26.08.22

105 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when Intuit raised its dividend by 14.7%.

We also collected our quarterly dividend from Pool Corp and became entitled to our quarterly dividends from Moody's and S&P Global.

Since DivGro's inception we have predicted and benefited from 105 consecutive dividend increases across our portfolio companies. The average rate of these dividend increases is 15.6%.

Over the last 40 years Pool Corp has evolved from a simple two-man operation into the world's largest distribution conduit for pool supplies and equipment. Pool Corp today commands approximately 30% market share in each of its chosen geographies. Importantly, as Pool Corp's market share expands, so do its margins, making it progressively more profitable. Equally importantly, because most of its suppliers, customers and competitors are relatively small and fragmented, Pool Corp's dominance becomes progressively more entrenched as it grows more powerful inside its ecosystem. As these dynamics develop, Pool Corp's future business prospects become both more profitable and more assured. Held in the DivGro Fund since inception, Pool Corp has already delivered sequential dividend increases of 5% in 2020, 38% in 2021 and 25% in 2022.