The DivGro Weekly—22.07.22

101 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when we collected our quarterly dividend from Roper. Having already marked our calendars we eagerly anticipate receiving our dividends from Zoetis and Lowe's, both much higher than this time last year.

This week we paid DivGro investors our 11th consecutive quarterly distribution, 11.5% 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%. 

Founded 101 years ago, Lowe's has excelled for decades, but nevertheless in 2018 chose to refresh its management team with the goal of becoming even better by lifting its profitability metrics closer to that of archrival Home Depot. Since then Lowe's has already progressed more than halfway towards this ambitious target, achieved entirely through efficiency initiatives rather than via price increases, protecting its customer advocacy and low price leadership. While before 2018 Lowe's was already a dividend growth champion, these efficiency improvements have turbocharged its dividend trajectory with recent increases of 9% in 2020, 33% in 2021 and 31% earlier this year. With a long runway of further efficiency gains remaining, together with ongoing sales growth, Lowe's is superbly positioned to extend its magnificent 61-year record of rapidly rising dividends.