The DivGro Weekly—25.02.22

93 Consecutive dividend increases

This week Home Depot increased its dividend by another 15.2%, further tangible evidence of its outstanding and continuing business progress.

Since DivGro's inception we have predicted and benefited from 93 consecutive dividend increases at an average annual increase rate of 15.3%.

We also received our dividends from Costco and MarketAxess and became entitled to our dividend from MSCI.

Home Depot, together with Lowe's (another DivGro holding) enjoy extreme dominance as the leaders in the North American home improvement category, worth almost a trillion dollars in annual sales. By leveraging its privileged position, including cost leadership, Home Depot captures an ever-increasing share of the giant annual spend required to repair and maintain the base of more than 140 million American homes. Now that 50% of American homes are over 40 years old, accelerating their need for repair, Home Depot is ideally positioned to benefit and extend its superb dividend record, having raised its dividend by 4300x since initiating quarterly dividends in 1987.