The DivGro Weekly—13.05.22

99 Consecutive dividend increases

This week we received further real-time, tangible evidence of outstanding business progress when we collected our quarterly dividends from Mastercard and Costco. We also became entitled to our quarterly dividend from Texas Instruments.

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

Mastercard has been spearheading the transition from cash to digital payments for more than 50 years, and is one of a select group of companies with such instant recognition it has been able to remove its name from its logo altogether (we happen to own another in Nike). This audacious marketing power is illustrative of Mastercard's pivotal role in the global payment system - a privilege shared with Visa, another DivGro holding - from which they are together able to extract immensely attractive economics. Originating as a cooperative shared amongst competing banks, since its IPO in 2006 Mastercard has emerged as a dividend growth star, having already multiplied its dividend by an astounding 54x.