The DivGro Weekly—11.03.22
96 Consecutive dividend increases
This week we received our dividends from Microsoft and S&P Global, providing us further real-time, tangible evidence of excellent business progress.
We also became entitled to our dividends from Home Depot and Nike.
Since DivGro's inception we have predicted and benefited from 96 consecutive dividend increases at an average annual increase rate of 15.4%.
S&P Global, whose origins trace back to 1860 as a specialist railroad industry data provider, has evolved over time into the undisputed global leader in data services for the financial industries. With its recent acquisition of IHS Markit, S&P Global has enhanced its dominant position even further. To celebrate the completion of this merger S&P Global announced its latest dividend increase together with a significant share buyback. We believe this acquisition will lead to even more rapid growth and higher profitability. Leveraging its privileged position as effective toll collector over financial activity, further strengthened by the addition of IHS Markit, S&P Global is superbly positioned to extend and expand its outstanding 49-year record of continuous annual dividend increases.