The DivGro Weekly—06.05.22

99 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when Pool Corp raised its quarterly dividend by 25%.

We also received our dividends from L'Oréal and Lowe's, and became entitled to our quarterly dividends from Costco and MarketAxess.

Since DivGro's inception we have now predicted and benefited from 99 consecutive dividend increases at an average annual increase rate of 15.4%.

Pool Corp, our global pool supplies powerhouse, a key DivGro holding since inception, has rewarded us with consecutive dividend increases of 5% in 2020, 38% in 2021 and 25% yesterday. Our POOL dividend stream has already advanced from $2.20 to $4 annually per share, demonstrating the capability of a supreme dividend grower in action. Having established itself as the world's primary conduit between manufacturers and users of pool related supplies and equipment, POOL's privilege rests upon the best locations, broadest selection, sharpest prices, fastest fulfilment etc in all its markets. Especially attractive is the fact that once a pool is installed it demands servicing, maintenance and equipment effectively 'forever'. These structural advantages have enabled POOL to raise its dividend at an annualized rate around 20% since paying its maiden dividend in 2004.