The DivGro Weekly—10.06.22

101 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when we collected our quarterly dividends from Moody's, Microsoft, S&P Global and Wingstop.

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 Cintas, SBA Communications and Nike in the next few weeks. All these dividends are substantially higher than this time last year.

Nike, which recently celebrated its 50th anniversary, is today the undisputed global leader in sports footwear and apparel. Over the last few years Nike has actively transitioned away from supplying third parties with its merchandise in the wholesale channel, moving towards total ownership and control of its distribution. This had led to better inventory management, superior customer profiling, and much higher margins. By continually improving both operationally and financially, Nike has performed very well for its shareholders, having raised its dividend for each of the last 20 years at a compounded average annual rate above 15%.