The DivGro Weekly—22.10.21

80 Consecutive dividend increases

This week we received our quarterly dividend from Roper Technologies, and became entitled to our quarterly dividends from Lowe's Companies and Abbott Laboratories.

Abbott has been one of the greatest compounders ever, with today's dividend being the 390th uninterrupted quarterly dividend (97 years and 6 months). To best position the company for decades of accelerated growth, in 2017 Abbott acquired St Jude, itself a dividend growth star. Cherishing its bond with investors, Abbott acknowledged upfront that while integrating St Jude would produce exceptional long-term results, it would temporarily raise its dividend at a slightly lower rate than the double-digit annual increases investors were accustomed to, while simultaneously undertaking to make good any 'gap' in the near future. True to form, Abbott has since rapidly accelerated its already superb dividend growth performance highlighted by its most recent dividend increase of 25%.