The DivGro Weekly—24.04.26
217 Consecutive dividend increases
Weekly Dividend Progress
This week we received further real-time, tangible evidence of outstanding business progress when Interactive Brokers increased its dividend by 9.4%. We also collected our quarterly dividend from Intuit and became entitled to our dividends from Hermès, Zoetis and Lowe’s, all meaningfully higher than this time last year.
How We Are Tracking
Since DivGro's inception we have predicted and benefited from 217 consecutive dividend increases across our portfolio companies, with no decreases. The average rate of these dividend increases is 14%.
Distribution
This week, we paid our 26th consecutive quarterly distribution. Notably, this distribution is 12.9% higher than the same time last year. DivGro has grown its distributions each year by at least a double-digit percentage increase. Our quarterly distribution is already 3x higher than our first quarterly distribution paid in January 2020.
Interactive Brokers
Interactive Brokers (IBKR), the preeminent online trading solutions platform, is developing an impressive emergent dividend growth record, evidenced by its latest dividend increase of 9.4% this week. IBKR is founded on twofold criteria: providing traders with the utmost sophisticated platform at the most compelling price. Notwithstanding ‘discount’ and ‘full-service’ rivals, none are able to match IBKR’s prices or tools. The net effect? Sophisticated operators, who benefit from the platform’s versatility and attractive pricing, are naturally drawn to IBKR. Even yesteryear’s leaders such as HSBC and Commsec have begun white-labelling IBKR’s products in self-preservation. Given that aggressive investment in automation is hardwired in the company’s DNA, in order to minimise its fixed cost base, technological lead and share part of the savings in the form of sharper prices, IBKR continues to outdistance rivals while simultaneously enjoying industry-leading margins. With such a compelling offering, IBKR is growing the accounts on its platform at a rate of around 30% per year, and with a current total of approximately 4.5 million, there is a huge runway ahead for continued growth and a likely extension of its nascent dividend growth record.