The DivGro Weekly—18.04.25

190 Consecutive dividend increases

Weekly Dividend Progress

This week we received further real-time, tangible evidence of outstanding business progress when Costco increased its dividend by 12.1%. We also became entitled to our quarterly dividends from Abbott and Watsco, both meaningfully higher than this time last year.

How We Are Tracking

Since DivGro's inception we have predicted and benefited from 190 consecutive dividend increases across our portfolio companies, with no decreases. The average rate of these dividend increases is 14.6%.

Abbott

For more than a century, Abbott, our 135-year-old healthcare giant, has flexed unmatched dividend credentials, making uninterrupted quarterly dividend payments for 100+ years and increasing its dividend consecutively for the last 53 years. Abbott’s outstanding dividend growth has underpinned a parallel stellar growth in the company’s share value. It’s all due to the innovation at the core of the company, most notably exemplified by its development of the world’s best-ever-selling drug, Humira. To keep nimble, motivated and forward-looking, Abbott spun out its crown jewel drug via Abbvie, channelling its focus into creating new and improved healthcare advances and profit pathways. For example? Its Freestyle Libre glucose monitoring system has proven a huge global success, followed by the more recent launch of Protality, designed to combat muscle loss caused by new calorie-constrained weight-loss drugs. Both evidence Abbott’s unique ability to remain at the forefront of pioneering healthcare developments and technologies, pointing to a long and strong extension of its superb dividend trajectory.