The DivGro Weekly—19.12.25

205 Consecutive dividend increases

Weekly Dividend Progress

This week we received further real-time, tangible evidence of outstanding business progress when Stryker, Zoetis and Abbott increased their dividends. We also collected our quarterly dividends from Microsoft, Interactive Brokers, Moody’s, Wingstop, Cintas and Alphabet and became entitled to our quarterly dividend from ADP, all meaningfully higher than this time last year.

How We Are Tracking

Since DivGro's inception we have predicted and benefited from 205 consecutive dividend increases across our portfolio companies, with no decreases. The average rate of these dividend increases is 14.2%.

Stryker

Stryker, our global medtech leader, established its dominant position through a concerted focus on unique excellence in its sales, marketing and distribution functions, handsomely rewarding its highest performers in these endeavours. The combination of Stryker’s outstanding customer-facing motion and its impressive R&D and M&A engines has powered its market-leading sales growth, exemplified by Stryker’s ability to lift sales from $100 million in 1985 to more than $22 billion in 2025. By retaining the bulk of its profits, Stryker has been able to aggressively expand and improve its sales and distribution arm while investing in next-generation technologies to optimise medical procedures and patient outcomes. For example? Earlier this year, Stryker launched Incompass, an innovative holistic ankle replacement system, further extending its leadership in the foot and ankle market. By continually improving its portfolio, acquiring emerging technologies and investing in its world-class sales force, Stryker’s future appears set not only to continue to outpace the medtech industry, but also to extend its impressive dividend growth credentials.