The DivGro Weekly—23.07.21

73 Consecutive dividend increases

This week we received our quarterly dividend from Roper Technologies.

We also became entitled to our quarterly dividends from Lowe's and Zoetis.

Interestingly, in our May investor letter we highlighted Zoetis' arbitrage opportunity from repurposing human medications for animals. The arbitrage arises because the cost to repurpose the medication is typically only 1% of the original cost to develop it for humans. Since our letter, Zoetis has successfully converted the Covid-19 vaccine for use in 100 animal species and has already deployed these in 29 states throughout the USA.