The DivGro Weekly—24.12.21

88 Consecutive dividend increases

This week American Tower raised its dividend by 14.9%.

Since DivGro's inception we have predicted and benefited from 88 consecutive dividend increases, with an average annual increase rate of 14.4%.

We also received our dividends from Home Depot and SBA Communications.

American Tower enjoys a unique position of privilege, with each of its transmission towers effectively a localized mini-monopoly. This is because municipalities seldomly allow more than one wireless telecommunication tower in their locality. Coupled with insatiable demand for mobile data, this dynamic provides American Tower with significant pricing power. With its vast portfolio of 219,000 mini-monopolies, American Tower has translated its global market-leadership into stellar dividend growth, having raised its dividend every quarter since 2012 at a compounded average growth rate above 20% per year.