The DivGro Weekly—05.09.25

197 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 Visa and Zoetis. We also became entitled to our quarterly dividends from Interactive Brokers and Home Depot, 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

We recently featured on the Financial Standard Podcast. Listen on Apple and Spotify.

Visa

Is cash king? Payment flows are increasingly pivoting from cash to digital — and Visa is stewarding this paradigm shift. Today, Visa is the central commercial artery between cardholders and merchants, facilitating more than 300 billion transactions per year. Since its 2008 IPO, Visa has grown its dividend at the stellar rate of 20% per annum compounded, driving a similar uplift in its share price. So, what goes on behind the scenes to allow the world to tap and go? With its sophisticated infrastructure and scale, Visa authorises and detects legitimate and fraudulent transactions near-instantaneously and at low cost to users, processing more than 65,000 transactions per second. Without it (or sister DivGro holding Mastercard), transactions would be less reliable and much costlier, impacting consumers, businesses and governments. The company’s peerless data trove also positions Visa to expand into high-margin and fast-growing adjacent services. These emerging verticals, coupled with the continued growth of Visa’s core business, underscore the likelihood that it continues its superb dividend growth trajectory long into the future.