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DIVIDEND UPDATE - 30 increases and counting...

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In February we again saw the power of the DivGro philosophy in action. More of our holdings continued to announce material dividend increases as anticipated by the DivGro system:

CME +13.3%
Intercontinental Exchange +9.1%
Restaurant Brands +4.0%
Domino's Pizza +20.0%
SBA Communications +25.7%
Home Depot +10.3%


From inception on 15 August 2019 we now have a record of 30 dividend increases, a significant number. Taken as a group, the average increase is tracking at about 14%.



We obviously recognize the extreme market volatility caused by the very real coronavirus pandemic. Since there is no obvious precedent for this, we won't make an assessment of its resolution here. 

We nevertheless are reassured, at least to some extent, by the fact that:
1) We continue to receive our real cash dividends, right now, as expected.
2) Even in the midst of virus related uncertainty our companies continue to increase their dividends as expected.

The huge psychological benefit of receiving dividends in times of uncertainty should not be underestimated. Nothing beats the feeling of a company we own telling us it is sending more money our way, especially in challenging times like the present. While most market participants are glued to the news looking for clues that everything will turn out ok, we believe that the very best clues lie in dividend announcements.

History has shown that in the absence of any reference point other than market prices most investors lose their heads, as we see right now. We believe that continuing to receive our dividends - in real cash - on a daily or weekly basis is immensely reassuring, and is the best mechanism available to help remain invested, which has tended to produce the best long-term results. To reinforce this point of receiving real money right now, we look forward to making our next distribution to investors, as scheduled, in April.

For those of you who have inquired about adding to your investment at the end of the month please complete this form.

In the meantime, we hope everyone is safe and healthy. 


Sincerely,

Jonathan & Barney 
Disclaimer:
 
DivGro Pty Ltd is a Corporate Authorised Representative (CAR No. 1277044) of Lanterne Fund Services Pty Ltd (AFSL No. 238198). The DivGro Fund is open to wholesale investors only, as defined in the Corporations Act 2001 (Cth). The Company is not authorised to provide financial product advice to retail clients and information provided does not constitute financial product advice to retail clients.

The information provided is for general information purposes only, and does not take into account the personal circumstances or needs of investors. The Company and its directors or employees or associates endeavour to ensure that the information is accurate as at the time of its publication. Notwithstanding this, the Company excludes any representation or warranty as to the accuracy, reliability, or completeness of the information contained on the company website and published documents.

The past results of the Company's investment strategy do not necessarily guarantee the future performance or profitability of any investment strategies devised or suggested by the Company.

The Company, and its directors or employees or associates, do not guarantee the performance of any financial product or investment decision made in reliance of any material in this document. The Company does not accept any loss or liability which may be suffered by a reader of this document.
Copyright © 2019 Divgo Pty Limited, All rights reserved.

Our mailing address is:
Suite 3, 23 Newcastle Street
Rose Bay, NSW 2029

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Divgro Pty Limited · Level 10, Hudson House · 131 Macquarie Street · Sydney, NSW 2000 · Australia

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