The DivGro Weekly—11.02.22

90 Consecutive dividend increases

This week Evolution AB proposed a dividend increase of 109%. We also received our quarterly dividends from Texas Instruments and Mastercard, and became entitled to our dividends from MarketAxess and Costco.

Since DivGro's inception we have predicted and benefited from 90 consecutive dividend increases at an average annual increase rate of 15.4%.

Costco has earned a unique advantage most businesses only dream of - true customer trust. Cherishing its relationship with its 113 million paying members, Costco acts as genuine agent to source the best merchandise at the sharpest price, with 100% satisfaction guaranteed. Unlike most rivals, Costco never marks its wares up by more than 14%, resisting the common temptation of taking extra for itself. Tough to replicate, this earned trust affords Costco many unique advantages including no need to advertise or employ salespeople. Reinvesting these 'trust-savings' into ever-improving customer value, Costco is a force in a growing number of categories, for example, becoming a leading global seller of diamonds, with customers trusting both product and price. Costco's distinctive trustworthiness has powered an enviable dividend growth record, having raised its quarterly dividend every year since 2004 at a compounded average annual rate of 13%, as well as rewarding shareholders with enormous intermittent special dividends, like the one we collected in December 2020.