The DivGro Weekly—16.12.23

117 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when American Tower, Abbott and Zoetis all raised their dividends by 12.2%, 8.5% and 15.4% respectively.

Since DivGro's inception we have predicted and benefited from 117 consecutive dividend increases across our portfolio companies. The average rate of these dividend increases is 15.2%.

Having marked our calendars, we also look forward to receiving our quarterly dividend from Domino's Pizza shortly.

Abbott recently declared its 51st consecutive annual dividend increase. This next dividend will represent Abbott's 397th quarter of unbroken dividend payments - closing in on 100 years (!) of continuous payments. Not only has Abbott rewarded long-standing shareholders with its almost peerless record of dividend growth longevity and consistency, it has also contributed significantly to improving the life and wellbeing of millions of people. Indeed, The Galien Foundation whose awards are regarded as equivalent to the Nobel Prize for biopharmaceutical and medical technology research, named Abbott's FreeStyle Libre as the "Best Medical Technology" of the last 50 years during its recent Prix Galien Golden Jubilee Awards ceremony. Abbott's enduring commitment to solving significant human health challenges has underpinned its remarkable dividend growth record, and with breakthrough innovations such as the FreeStyle Libre this looks set to continue.