The DivGro Weekly—30.05.25

192 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 Poolcorp and MSCI and became entitled to our quarterly dividend from S&P Global, all meaningfully higher than this time last year.

How We Are Tracking

Since DivGro's inception we have predicted and benefited from 192 consecutive dividend increases across our portfolio companies, with no decreases. The average rate of these dividend increases is 14.5%.

DivGro in the Press

This week, we featured on a podcast episode of Marcus Today: On the Couch. The full episode is available to listen on Apple and Spotify.

MSCI

Everyone is familiar with that old adage: the student becomes the master. Since it was spun out from Morgan Stanley in 2007, MSCI is a real-life case study of this role reversal, outperforming its parent stock’s performance by almost 10x. Today, MSCI is the preeminent benchmark compiler for non-US indices, which include its famed MSCI Global Index, and as such it is armed with significant advantages. Such as? Every time an institutional asset manager is compelled to use these indices or clone them, MSCI enjoys a royalty stream, either directly or via ancillary data analytics products. Naturally, as these managers develop product track records, MSCI’s lock solidifies with time. To further cement its stranglehold, MSCI recently partnered with Moody’s (another DivGro holding) to develop analytics products for the burgeoning private credit category, covering risk assessment, transparency and compliance. The partnership provides MSCI with Moody’s reputational imprimatur while also eliminating it as a potential competitor in the category, leaving aspirants to compete against a double-headed colossus. These kinds of higher-growth, high-margin adjacencies, coupled with its lucrative core indices business, have already multiplied MSCI’s dividend 10x since its 2014 debut, hinting at a promising continuation of its future growth.