Dear friend,
There is a man in Sarasota, Florida, named Sean Bagan. He is the chief executive of a company called Helios Technologies. Helios makes the small hydraulic valves that lift a backhoe arm, or tip a forklift forward.
Yesterday they reported their earnings. Their own words follow:
“Enhanced return to shareholders with 33% increase in Q[1] dividend; Reached over 29 years in a row of consistent cash dividend payments.”
Twenty-nine years. We would like, if you will indulge us, to list them.
- 1997
- 1998
- 1999
- 2000
- 2001
- 2002
- 2003
- 2004
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
- 2023
- 2024
- 2025
In 2008 they paid the dividend. In 2020 they paid the dividend. They paid it again on the twenty-seventh of April, for the one hundred and sixteenth consecutive quarter.
We will not be writing about any of the other one hundred and sixty-five companies who filed earnings yesterday. We do not have anything to say about them.
Yours,
Q[B]
P.S.
Helios is the Greek name for the sun. We are told that in antiquity he drove the sun across the sky each day, from east to west. He never missed a day.