The founding family still owns over 30% of the shares of this dividend growth stock, which has grown its half year dividend by 1100% in the last 14 years.
Supply Network (ASX: SNL)
Supply Network (ASX: SNL) owns the Multispares brand, founded by Harry Forsyth and listed on the ASX in 1989. In 2022, his holding company Hergfor Enterprises Pty Ltd, was still the largest shareholder, with over 30% of the shares on issue. Greg Forsyth has served as its CEO for many years.
Multispares is a distributor of bus parts and truck parts with over 20 locations across Australia and New Zealand.
Between the half for December 2007 and the half to December 2021, Supply Network (ASX: SNL) grew its half year dividend by 1,100%.