April 2026 Newsletter

Welcome to the April edition of DivGro 2.0's monthly newsletter! 

Every month, I write a market recap and a summary of my DivGro portfolio as of the last day of the previous month. I also summarize transactions that affected DivGro's projected annual dividend income [PADI].

DivGro contains 53 positions. Of these, 47 are dividend growth [DG] stocks, 2 are dividend-paying stocks, and 4 are closed-end funds.

By convention, I label stocks with dividend increase streaks of at least 5 years as DG stocks.

The Dividend Aristocrats Ranked By Quality Scores (April 2026)

The S&P 500 Dividend Aristocrats Index consists of 69 dividend growth stocks, which, with some exceptions, have increased their annual dividends for 25 or more consecutive years.

In this article, I rank the Dividend Aristocrats by quality scores and present undervalued, fairly valued, and overvalued stocks with detailed metrics and fair value estimates.

I'm using 9F Quality Scores, my new quality scoring system that rates dividend stocks on a 10-point scale across nine weighted factors. Each factor blends qualitative signals and quantitative metrics. 

I'm also using an expanded valuation system to determine a stock's fair value [FV]. The system uses the same wisdom-of-the-crowds philosophy as before, but adds calculated estimates and rigorous statistical analysis to arrive at a consensus FV.

Applied Materials Dividend Increase

On 13 March, Applied Materials (AMAT) increased its dividend by 15.22%, from 46¢ to 53¢ per share.

The dividend is payable on 11 June to shareholders of record on 21 May.

AMAT's contribution to DivGro's projected annual dividend income will increase by $23.80 to $180.20.

DICK's Sporting Goods Dividend Increase

On 12 March, DICK's Sporting Goods (DKS) increased its dividend by 3.09%, from $1.2125 to $1.25 per share.

The dividend is payable on 10 April to shareholders of record on 27 March.

DKS's contribution to DivGro's projected annual dividend income will increase by $18 to $600.

General Dynamics Dividend Increase

On 9 March, General Dynamics (GD) increased its dividend by 6%, from $1.50 to $1.59 per share.

The dividend is payable on 8 May to shareholders of record on 10 April.

GD's contribution to DivGro's projected annual dividend income will increase by $18 to $318.

My 9F Dividend Quality Scores: Factor 1 – Dividend Safety

I've been building a new quality scoring system that rates dividend stocks on a 10-point scale across nine weighted factors. 

Each factor blends qualitative expert assessments from independent sources with quantitative financial metrics, such as payout ratios, growth rates, and leverage. 

The goal is a single, defensible number that captures a dividend stock's overall quality. 

March 2026 Newsletter

Welcome to the March edition of DivGro 2.0's monthly newsletter! 

Every month, I write a market recap and a summary of my DivGro portfolio as of the last day of the previous month. I also summarize transactions that affected DivGro's projected annual dividend income [PADI].

February was another quiet month with no trades in my DivGro portfolio. Of my 53 positions, 47 are dividend growth [DG] stocks, two are dividend-paying stocks, and four are closed-end funds. By convention, I label stocks with dividend-increase streaks of five or more years as DG stocks.

February 2026 Newsletter

Welcome to the February edition of DivGro 2.0's monthly newsletter! 

Every month, I write a market recap and a summary of my DivGro portfolio as of the last day of the previous month. I also summarize transactions that affected DivGro's projected annual dividend income [PADI].

January was a quiet month with no trades in my DivGro portfolio. Of my 53 positions, 47 are dividend growth [DG] stocks, two are dividend-paying stocks, and four are closed-end funds. By convention, I label stocks with dividend-increase streaks of five or more years as DG stocks.

Eaton Dividend Increase

On 26 February, Eaton (ETN) increased its dividend by 5.77%, from $1.04 to $1.10 per share.

The dividend is payable on 27 March to shareholders of record on 10 March.

ETN's contribution to DivGro's projected annual dividend income will increase by $14.40 to $264.

LeMaitre Vascular Dividend Increases

On 24 February, LeMaitre Vascular (LMAT) increased its dividend by 25%, from 20¢ to 25¢ per share.

The dividend is payable on 26 March to shareholders of record on 12 March.

LMAT's contribution to DivGro's projected annual dividend income will increase by $27 to $135.

Home Depot Dividend Increase

On 24 February, Home Depot (HD) increased its dividend by 1.30%, from $2.30 to $2.33 per share.

The dividend is payable on 26 March to shareholders of record on 12 March.

HD's contribution to DivGro's projected annual dividend income will increase by $6 to $466.

Tractor Supply Dividend Increase

On 11 February, Tractor Supply (TSCO) increased its dividend by 4.35%, from 23¢ to 24¢ per share.

The dividend is payable on 10 March to shareholders of record on 24 February.

TSCO's contribution to DivGro's projected annual dividend income will increase by $11 to $264.

Monolithic Power Systems Dividend Increase

On 30 January, Monolithic Power Systems (MPWR) increased its dividend by 28.21%, from $1.56 to $2.00 per share.

The dividend is payable on 15 April to shareholders of record on 31 March.

MPWR's contribution to DivGro's projected annual dividend income will increase by $63.36 to $288.

Chevron Dividend Increase

On 30 January, Chevron (CVX) increased its dividend by 4.09%, from $1.71 to $1.78 per share.

The dividend is payable on 10 March to shareholders of record on 17 February.

CVX's contribution to DivGro's projected annual dividend income will increase by $60.20 to $1,530.80.

BlackRock Dividend Increase

On 15 January, BlackRock (BLK) increased its dividend by 9.98%, from $5.21 to $5.73 per share.

The dividend is payable on 24 March to shareholders of record on 6 March.

BLK's contribution to DivGro's projected annual dividend income will increase by $31.20 to $343.80.

Home Run Number 62

Today, I'm happy to announce DivGro's 62^nd Home Run!

I call stocks in my DivGro portfolio Home Runs after they double my original investment on a total return basis.

As a dividend growth investor, I invest in high-quality dividend growth stocks with long histories of increasing annual dividend payouts. 

There's rarely a reason to sell high-quality dividend-growth stocks if the company's underlying fundamentals don't change. And if you hold such stocks long enough, they'll eventually double your original investment in total return!

Home Run Number 61

Today, I'm happy to announce DivGro's 61^st Home Run!

I give any stock in my DivGro portfolio the Home Run moniker when it doubles my original investment on a total return basis.

As a dividend growth investor, I invest in high-quality dividend growth stocks with long histories of increasing annual dividend payouts. 

There's rarely a reason to sell high-quality dividend-growth stocks if the company's underlying fundamentals don't change. And if you hold such stocks long enough, they'll eventually double your original investment in total return!

Home Run Number 60

Today, I'm happy to announce DivGro's 60^th Home Run!

I give any stock in my DivGro portfolio the Home Run moniker when it doubles my original investment on a total return basis.

As a dividend growth investor, I invest in high-quality dividend growth stocks with long histories of increasing annual dividend payouts. 

There's rarely a reason to sell high-quality dividend-growth stocks if the company's underlying fundamentals don't change. And if you hold such stocks long enough, they'll eventually double your original investment in total return!

January 2026 Newsletter

Happy New Year and welcome to the JANUARY edition of my DivGro 2.0 newsletter!

Every month, I write a market recap and a summary of my DivGro portfolio as of the last day of the previous month. I also summarize transactions that affected DivGro's projected annual dividend income [PADI].

In December, I opened three new positions and closed four existing positions, so DivGro now contains 53 positions. Of these, 47 are dividend growth [DG] stocks, two are dividend-paying stocks, and four are closed-end funds. By convention, I label stocks with dividend increase streaks of five or more years DG stocks.

Broadcom Dividend Increase

On 11 December, Broadcom (AVGO) increased its dividend by 10.17%, from 59¢ to 65¢ per share.

The dividend is payable on 31 December to shareholders of record on 22 December. 

AVGO's contribution to DivGro's projected annual dividend income will increase by $15.60 to $169.

Mastercard Dividend Increase

On 9 December, Mastercard (MA) increased its dividend by 14.47%, from 76¢ to 87¢ per share.

The dividend is payable on 9 February 2026 to shareholders of record on 9 January 2025. 

MA's contribution to DivGro's projected annual dividend income will increase by $16.28 to $128.76.

Eli Lilly Dividend Increase

On 8 December, Eli Lilly (LLY) increased its dividend by 15.33%, from $1.50 to $1.73 per share.

The dividend is payable on 10 March 2026 to shareholders of record on 13 February 2026. 

LLY's contribution to DivGro's projected annual dividend income will increase by $33.12 to $249.12.

December 2025 Newsletter

Welcome to the DECEMBER edition of my DivGro 2.0 newsletter!

Every month, I write a market recap and a summary of my DivGro portfolio as of the last day of the previous month. I also summarize transactions that affected DivGro's projected annual dividend income [PADI].

In November, I opened two new positions and closed one existing position, so DivGro now contains 54 positions. Of these, 48 are dividend growth [DG] stocks, two are dividend-paying stocks, and four are closed-end funds. By convention, I label stocks with dividend increase streaks of five or more years DG stocks.

Automatic Data Processing Dividend Increase

On 12 November, Automatic Data Processing (ADP) increased its dividend by 10.39%, from $1.54 to $1.70 per share.

The dividend is payable on 1 January 2026 to shareholders of record on 12 December 2025. 

ADP's contribution to DivGro's projected annual dividend income will increase by $62.40 to $576.

November 2025 Newsletter

Welcome to the NOVEMBER edition of my DivGro 2.0 newsletter!

Every month, I write a market recap and a summary of my DivGro portfolio as of the last day of the previous month. I also summarize transactions that affected DivGro's projected annual dividend income [PADI].

In October, I closed five existing positions. DivGro now contains 53 positions, with 48 dividend growth [DG] stocks, four closed-end funds [CEFs], and one dividend-paying stock. By convention, I label stocks with dividend increase streaks of five or more years as DG stocks.