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Fun With COVID: My Dividend Growth Portfolio In 2020

Published Fri, 18 Dec 2020 14:42:46 -0500 on Seeking Alpha

Seeking AlphaDividend StrategyFun With COVID: My Dividend Growth Portfolio In 2020Dec. 18, 2020 2:42 PM ET|| Includes: PEI, PEI.PC, PEI.PD, SCHD, SPHDby: PendragonYPendragonY High Dividend OpportunitiesThe #1 Service for Income Investors and Retirees, 9-10% dividend yield.SummaryCOVID-19 had a big impact.
My portfolio is down about 16% from the start of the year, but has recovered most of the drop in March.
My dividend income is up for the year.

What did I Think at My Last Portfolio Review?

Source: Broker Records
2020 started out pretty optimistically, and even though by the time I wrote about my portfolio's performance in 2019 it was early March, no one had any idea of how bad things would go later in the month.

Source: Broker Records and Author's calculations
2019 was generally a very good year. Dividends grew far in excess of my target growth rate of 12% hitting $37,857. My portfolio value also hit $624,767, well above the approximately $511K 2019 start. Even in early March, I remained pretty optimistic about the impact of COVID-19. I looked forward to growth in both my dividend income and my portfolio value.
What has happened since?
Well, as anyone knows who hasn't been asleep for the last 9 months or so, COVID-19 happened and had a big impact on the market. Once fairly stodgy preferred issues had huge amounts of volatility as a liquidity crisis cause huge sell-offs all across the market. So here is what my portfolio looks like as of the end of November.

At this point, nearly all of the gains in portfolio value from 2019 have been lost. The market value of the portfolio value is now $528, 152. About $17K above where it started 2019 from. The cash (other than about $400 from dividends paid on November 30) is being used to secure some short puts. Roughly a third of that cash secures short puts on WPG (and paid me more then 2 years worth of dividends based on the original dividend before the cuts of this year), and a... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 5.68   0.0 -1.81 0.84 14.58

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST - PEI
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST - PEI  


Older articles featuring Pennsylvania Real Estate Investment Trust (PEI):
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Dividend Cuts And Overdue Rent: REIT Earnings Recap
It's 'Still' Not The Time To Be A High-Yield REIT Investor
Dividend Cuts And Overdue Rent: Previewing REIT Earnings Season
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Whether The The Great Reach For Yield Experiment Has Failed
Forget About Juicy Dividend Yields
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