The DivGro Weekly—08.07.22

101 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when we collected our quarterly dividend from American Tower. Having already marked our calendars we look forward to shortly receiving our dividends from Mastercard and Roper, significantly higher than this time last year.

Since DivGro's inception we have predicted and benefited from 101 consecutive dividend increases at an average annual increase rate of 15.6%.

For decades Roper has implemented its mastery of identifying, buying, operating and optimizing mission critical but under the radar niche businesses. A Roper business typically dominates a niche that is large enough to be highly profitable for the incumbent leader, but not large enough to be attractive to aspiring new entrants. Since these niches are effectively unlimited, Roper has the opportunity to continue to redeploy this playbook long into the future. One such example is Aderant, with dominant leadership in the provision of critical software solutions for the legal industry. The Roper way has translated into superb dividend growth, having raised the dividend continuously since 1993 at a compounded average rate of 18% per year.