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Washington H. Soul Pattinson and Company company logo
Diversified Financial Services
FINANCE | Investment Firms & Funds
whsp.com.au

Investments

11

Portfolio Exits

1

About Washington H. Soul Pattinson and Company

Washington H. Soul Pattinson and Company (ASX: SOL) is an investment house with investments in a diverse portfolio of assets across a range of industries. It was founded in 1903 and is based in Sydney, New South Wales.

Headquarters Location

Level 14 151 Clarence Street

Sydney, New South Wales, 2000,

Australia

+61 2 9210 7070

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Latest Washington H. Soul Pattinson and Company News

20+ years of growing dividends. Why I plan to buy more of this ASX 200 stock in 2023

Feb 3, 2023

. Why I plan to buy more of this ASX 200 stock in 2023 20+ years of growing dividends. Why I plan to buy more of this ASX 200 stock in 2023 Here’s why I can’t wait to buy more shares of this company… Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Latest posts by Sebastian Bowen ( see all ) Image source: Getty Images You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More Key points But there's only one with a 20-year streak of raising its dividends So here's why I can't wait to buy more Soul Patts shares in 2023 An ASX 200 dividend stock with a five or ten-year streak of raising their dividends is usually a good sign that you’ve found a quality income stock. But an ASX 200 dividend stock with a 20-year-plus streak? That’s ASX dividend royalty. That’s exactly what the Washington H. Soul Pattinson Co Ltd ( ASX: SOL ) share price has on offer for income investors today. Why Soul Patts is a quality ASX 200 dividend stock I already own Soul Patts shares – in fact, the company is one of my top ASX holdings. But I plan to add far more of this would-be ASX dividend aristocrat to my portfolio in 2023, if the pricing allows it. I would go one step further and argue that if I had to own just one ASX 200 dividend stock in my portfolio, this would be it. But let’s backtrack a little and get into the weeds of what makes this company such a special ASX dividend share. So Soul Patts is one of the oldest companies on the ASX 200. It first put down roots way back in 1872, but become the company we know today in 1903. Its first calling was pharmacies, but today, Soul Patts is a bit of a hard company to pigeonhole. Its primary business is owning large stakes in other investments for the benefit of its shareholders. In this way, it arguably functions closer to a listed investment company (LIC) or a managed fund  rather than the typical kinds of companies we see on the ASX. Soul Patts invests prudently in a large and diversified portfolio of assets. These include a portfolio of blue-chip shares gained in the LIC Milton Corporation acquisition in 2021 . But it also includes its large, strategic investments in a handful of ASX shares. For example, Soul Patts owns 12.6% of TPG Telecom Ltd ( ASX: TPG ), 39.9% of New Hope Corporation Limited ( ASX: NHC ) and 43.3% of Brickworks Limited ( ASX: BKW ). The company also owns a stable of unlisted assets, which includes assets ranging from industrial property to swim schools. An ASX dividend aristocrat? This diversified investment portfolio has given Soul Patts the unique distinction of being able to fund annual dividend increases every single year since the year 2000. That’s throughout both the global financial crisis of 2007-2009, as well as the COVID pandemic. This is an ASX dividend record unmatched on the ASX 200 or, indeed, on the entire ASX. It’s the closest thing the ASX has to a United States-style ‘dividend aristocrat’, which is a US share that has increased its dividends every year for 25 years. Back in December last year, Soul Patts announced during its annual general meeting that its total shareholder return (share price gains and dividends) came to an average of 12.5% per annum over the 20 years to 30 November 2022. That was a good 3.4% per annum above what the ASX All Ordinaries Accumulation Index had achieved over the same period. So, in conclusion, this is an ASX 200 dividend stock I will never own enough of. I can’t wait to add to my position in 2023. If there’s a compelling price point, I’ll be loading the boat with this top-notch company. Motley Fool contributor Sebastian Bowen has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Tpg Telecom. The Motley Fool has a disclosure policy . This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. More on Dividend Investing

Washington H. Soul Pattinson and Company Investments

11 Investments

Washington H. Soul Pattinson and Company has made 11 investments. Their latest investment was in Evolt as part of their Unattributed VC on October 10, 2022.

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Washington H. Soul Pattinson and Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/6/2022

Unattributed VC

Evolt

$7.78M

Yes

1

1/31/2022

Series A

Buildxact

$13.07M

Yes

3

1/18/2022

Convertible Note

Mosh

$18.13M

Yes

3

12/6/2021

Series C

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$99M

Subscribe to see more

10

9/16/2021

Series C

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$99M

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10

Date

10/6/2022

1/31/2022

1/18/2022

12/6/2021

9/16/2021

Round

Unattributed VC

Series A

Convertible Note

Series C

Series C

Company

Evolt

Buildxact

Mosh

Subscribe to see more

Subscribe to see more

Amount

$7.78M

$13.07M

$18.13M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

3

3

10

10

Washington H. Soul Pattinson and Company Portfolio Exits

1 Portfolio Exit

Washington H. Soul Pattinson and Company has 1 portfolio exit. Their latest portfolio exit was SiteMinder on November 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/8/2021

IPO

$99M

Public

1

Date

11/8/2021

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

1

Washington H. Soul Pattinson and Company Acquisitions

2 Acquisitions

Washington H. Soul Pattinson and Company acquired 2 companies. Their latest acquisition was Ampcontrol on April 26, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/26/2022

$99M

Acquired

2

6/21/2021

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$99M

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10

Date

4/26/2022

6/21/2021

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

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