The DivGro Weekly—13.03.26

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 dividends from Interactive Brokers, Moody’s and S&P Global. We also became entitled to our quarterly dividends from Alphabet, Wingstop and Poolcorp, 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%.

Wingstop

Wingstop, our dynamic chicken-wing franchisor, has taken flight since it first opened in Texas in 1994, today exceeding 3000 global units. This expansion has allowed Wingstop to reposition from localised to national advertising, including covetable deals with the NBA and NFL. Simultaneously, on a per-store basis — which is ultimately where franchisee interests lie — Wingstop recently surpassed its original aspirational target of average annual sales per store of two million, powering industry-leading franchisee economics. Notably, Wingstop is currently rolling out its proprietary SmartKitchen software, designed to reduce food preparation time and in turn uplevel customer satisfaction. The ripple effects? With shorter wait times, Wingstop can facilitate more transactions — even in stores previously believed to have reached maximum capacity — while simultaneously scoring higher on aggregators like Uber and DoorDash due to increased speed. This momentum bodes well for Wingstop’s future sales and profits, foreshadowing a continuation of its formidable dividend growth trajectory, having compounded above 20% per annum since 2017.