On November 4, the OSFI removed the restrictions on banks and insurance companies about no dividend increases and share buybacks. OSFI stands for the Office of the Superintendent of Financial Institutions The insurance companies started first with the dividend raises and buyback announcements. The big 5 banks started their announcements starting November 30 and concluded December 3.
Do I think the OSFI might bring back the restrictions on dividend raises and share buybacks? Well, to be honest, I think it might just happen. The omicron variant of covid19 virus is suppose to be more milder but be more transmissible than the strains of the virus. Travel restrictions have started and other restrictions have been more stricter once again.
Major events have happened on the weather front. Major flooding and damage to several major highways in British Columbia. For several days, there was no way for freight to get from the Vancouver area to the rest of Canada. Canadian Pacific Railway and Canadian National Railway both had significant damage to their infrastructure. The ongoing supply chain crisis was made even worse with the flooding and excessive rain events in British Columbia.
Being an investor is more important now than ever. It is getting more and more difficult to get a job and then be able to keep a job.
Let's get to the list of dividend income from some Canadian bloggers for November 2021. Of course, I first want to mention my own dividend income report.
All About The Dividends received $502.79 in dividend income and added over $6.99 in forward dividend income via DRIPs. Their is also mention of the purchases that were made during November.
Passive Canadian Income received $924 in total passive income in November 2021. The amount of dividend income received was $324.58
Reverse The Crush received $66.54 in dividend income in November 2021. This is a 54% YoY increase.
Our Life Financial received $1236.42 in total dividend income and 22 new shares via DRIP. Also in the post, Our Life Financial mentions her new purchases during the month of November 2021.
Moneymaaster received $637.47 in dividend income and dripped 27 new shares/units to boost his future dividend income.
My Own Advisor and Gen Y Money shared their individual dividend income updates with the world. Although their actual amount of dividend income received in November is not mentioned, there is some great information in their respective posts.
Fire We Go, via a You Tube video, received $1956.43 in dividend income for the month of November 2021.
Conclusion:
We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.
In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.
DISCLAIMER
I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.
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