The DivGro Weekly—29.08.25

197 Consecutive dividend increases

Weekly Dividend Progress

This week we received further real-time, tangible evidence of outstanding business progress when Intuit increased its dividend by 15.4%. We also collected our quarterly dividend from MSCI and became entitled to our quarterly dividends from S&P Global and Microsoft, all meaningfully higher than this time last year.

How We Are Tracking

Since DivGro's inception we have predicted and benefited from 197 consecutive dividend increases across our portfolio companies, with no decreases. The average rate of these dividend increases is 14.4%.

DivGro in the Press

This week, we featured on the Shares for Beginners Podcast. Watch on YouTube or listen on Apple and Spotify.

MSCI

Some stars shine brighter on their own — and MSCI, spun out from Morgan Stanley in 2007, is a textbook example. MSCI has established its indices as global benchmarks, especially its famed MSCI Global Index, forcing institutional copycats to pay for the privilege of cloning and accordingly advertising its index. The real flex follows later: as clients establish longer product records, they are increasingly disincentivised to disengage and their business becomes progressively baked in. These near-certain cash flows provide MSCI latitude to develop complementary businesses. For example? MSCI provides the dominant decision-support software solution in the burgeoning ESG and climate sectors and recently expanded into private credit analytics in partnership with Moody’s (another DivGro holding). With indices composing the spine of its business alongside high-growth adjacencies, MSCI has not only outdistanced its erstwhile parent but is also aptly positioned to continue multiplying its dividend — having already grown more than 10x since its maiden dividend in 2014.