The DivGro Weekly—01.07.22

101 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when we collected our quarterly dividends from Domino's Pizza and Nike. Since DivGro's inception we have predicted and benefited from 101 consecutive dividend increases at an average annual increase rate of 15.6%.

Having already marked our calendars, we look forward to receiving our quarterly dividends from Heico and Stryker in the next few weeks.

Throughout its 80-year history, Stryker has been able to consistently outpace most of the medical technology industry. Unlike most other MedTech leaders which tend to celebrate their product ingenuity, Stryker instead distinguished itself by its sales acumen and productivity. From relatively humble beginnings, by showing up each and every day, leaning more aggressively into establishing and expanding its growing superiority in sales, marketing and distribution capabilities, Stryker was able to grow sales faster than most peers. Compounding this unusual edge over decades has underwritten a superb dividend growth record, with Stryker having raised its dividend every year since 1993 at a compounded average annual rate of 16%.