The DivGro Weekly—03.06.22

101 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when Lowe's raised its dividend by 31.3%

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

We also received our quarterly dividends from Visa, MSCI and Zoetis.

Having already marked our calendars, in the next two weeks we look forward to receiving our dividends from Home Depot, Microsoft and Wingstop. All these dividends are substantially higher than this time last year.

Zoetis, our animal health juggernaut, previously known as Pfizer Animal Health and which traces its origins back to 1952, benefits from extremely low input, manufacturing, and transport costs relative to the value of their finished products. This means that Zoetis is very well positioned to continue to enjoy extremely high margins, even in an inflationary environment. Indeed, since it is often the major (and sometimes the only) player in many of its product lines, Zoetis even has the flexibility to raise prices where it chooses to do so. This structurally advantaged position has powered Zoetis' impressive dividend growth record, rising every year since its 2013 IPO at a compounded average annual rate above 18%.