DGI For The DIY: Q2 2020 Dividend Portfolio Update

Published Mon, 17 Aug 2020 05:59:57 -0400 on Seeking Alpha

Seeking AlphaDividend StrategyDGI For The DIY: Q2 2020 Dividend Portfolio UpdateAug. 17, 2020 5:59 AM ET|| Includes: AAPL, ABT, AMP, AVGO, AVGOP, AWK, BMY, D, DG, DLR, FLO, IBM, JNJ, KMI, MMM, O, ROST, SRE, TGT, THO, UNH, WFC, WSOby: Eric LandisEric Landis Dividend growth investing, long-term horizon, value, growth at reasonable priceDGI For The DIY.cls-1{fill:#024999;}SummaryDespite a recession and several dividend cuts, first-half portfolio income rose by nineteen percent over 2019's total.
Portfolio value also recovered significantly from Q1 losses, increasing by over seventeen percent.
Several trades were made during the quarter in managing the portfolio for income growth.

We are now well past the halfway point of 2020, and this year continues to be one to remember. The second quarter was especially noteworthy, as the market saw a 20%+ decline before rallying nearly all the way back to all-time highs.
COVID-19 was a bit of a roller-coaster as well, as the initial case surge in New York seemed to be under control before a second wave hit states like Florida, Texas, and Arizona, bringing the daily case count to new all-time highs.
Despite whatever impact the virus is having on the economy, the stock market seems to be taking everything in stride, as big-cap tech stocks pushed the Nasdaq composite to a new all-time high by quarter's end.
Data by YCharts
The S&P 500 and DOW also recovered much of their losses, as they were down 4% and 9.55% at the halfway point of the year.
My portfolio performed similarly, as it saw a big draw-down in Q1 before recovering to a 5.1% loss by the end of Q2. This lagged the Nasdaq and S&P 500, but was significantly better than the DOW.
However, while portfolio value was down, dividend income continued its march higher. Here's the income progress since the portfolio began:
Q2 income rose by 19.2% over 2019's total, and also increased by 2.1% compared with Q1. First-half income increased by... Read more