The DivGro Weekly—17.09.21
77 Consecutive dividend increases
This week Microsoft raised its dividend by 11%, extending our record of consecutive dividend increases to 77 at an average increase rate of 14.61%.
We also received our quarterly dividend from Cintas and became entitled to our quarterly dividend from Domino's Pizza.
Despite decades of outstanding performance, Cintas never gets the enthusiasm it deserves from the analyst community because of the seemingly pedestrian nature of its business. Cintas is the clear leader in uniform rental, first aid and fire safety services - mission critical for customers but only a very minor cost. Entrenched in over a million businesses and leveraging its cost leadership to win new customers every day, Cintas earns an expanding royalty on the growth of uniform wearing and safety conscious American business, powering a spectacular 38 year record of dividends increasing at an average of 19% per year.