The DivGro Weekly—03.04.26

215 Consecutive dividend increases

Weekly Dividend Progress

This week we received further real-time, tangible evidence of outstanding business progress when we collected our quarterly dividend from Wingstop and became entitled to our quarterly dividends from FirstService and Stryker, all meaningfully higher than this time last year.

How We Are Tracking

Since DivGro's inception we have predicted and benefited from 215 consecutive dividend increases across our portfolio companies, with no decreases. The average rate of these dividend increases is 14%.

DivGro in the Press

We recently featured on Capitalist Culture. The podcast episode is available on Apple and Spotify.

Stryker

When Stryker was founded in 1941, the company understood that however good its products were or may become, it had to drive sales with exceptional effort and enterprise. This intrinsic belief that products don’t sell themselves but rather need to be sold has helped shape Stryker’s modus operandi. Even as the company has evolved from upstart to medtech giant with a leading reputation and expansive product range, its prioritisation of its sales function has never wavered and is hardwired into the company’s culture. Stryker’s sales efforts have underpinned an impressive dividend record; Stryker’s dividend has risen every year since its 1993 maiden dividend at an impressive pace of circa 16% per annum compounded. Today, as Stryker boasts an exceptional product line-up — including its market-leading Mako robotics division — as well as its industry-leading sales and marketing functions, it is ideally positioned to consolidate its market dominance and facilitate an extension of its formidable dividend growth record.