The DivGro Weekly—29.05.26

218 Consecutive dividend increases

Weekly Dividend Progress

This week we received further real-time, tangible evidence of outstanding business progress when we became entitled to our quarterly dividends from Microsoft and S&P Global, both higher than this time last year.

How We Are Tracking

Since DivGro's inception we have predicted and benefited from 218 consecutive dividend increases across our portfolio companies, with no decreases. The average rate of these dividend increases is 14%.

S&P Global

S&P Global (SPGI) recently raised its dividend, stretching its record of consecutive annual dividend increases beyond 50 years. Together with sister DivGro holding Moody’s, SPGI also enjoys toll-like fees on particular segments within the funds management industry, such as when passive instruments seek to replicate the performance of its famed benchmarks. These benchmarks also underpin SPGI’s burgeoning and highly lucrative partnerships with exchanges such as the CME, in which it earns fees from every executed derivatives trade tied to its benchmarks, such as the E-mini S&P500 Futures contracts. Currently, SPGI is in the final stages of spinning out its Mobility unit — which represents roughly 10% of its sales — as an independent company. Notably, Mobility has already forecast its intention to provide shareholders with 75% of its free cash flow and its expectation to continue its inherited dividend growth performance of more than half a century of consistently rising dividends. To keep SPGI lean and focused, the company frequently activates such business levers and will look to its primary business engines to reassert themselves post-spinoff, foreshadowing a likely extension of its dividend growth record.