The price of gas remains high at the pumps right across Canada and the United States. This means the prices of things will continue to rise as businesses pass their costs onto other businesses. This trickles all the way down to the end consumer.
The FED and Bank of Canada will likely hike interest rates in the next few months. This will likely mean more interest on savings accounts, if banking institutions decide to increase the interest rate on their savings accounts. Due to the high rate of inflation, saving money into a so-called high interest savings account may not be a good idea. Of course, one should build up an emergency fund.
The supply chain issues continue to carry on. This also helps to drive up prices even more. The costs of everything continues to higher than even just a few months. To make matters even worse, CN Rail has received a 72 hour strike notice from the union representing Signals and Communication employees. CN Rail is often said to be the best Class 1 railroad in North America.
If this rail strike goes ahead, it will be interesting to see if the federal government enacts back to work legislation. CN Rail serves 3 coasts and the only rail line to serve the ports of Halifax (east cost) and Prince Rupert (west coast).
Let's get to the list of dividend income from some Canadian bloggers for May 2022. Of course, I first want to mention my own dividend income report.
Passive Canadian Income received $1750.43 in passive income for the month of May 2022. Of this total, 485.71 was dividend income. The amount of new shares / units dripped came in at 6.
All About The Dividends received $551.77 in dividend income and added over $20.43 in forward dividend income via DRIPs. There is also mention of the purchases that were made during May 2022.
Reverse The Crush received $91.55 in dividend income in May 2022. This is a 115% YoY increase.
Our Life Financial received $1360.35 in total dividend income and 17% increase YoY.
Moneymaaster received $574.34 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. The blogger behind My Own Advisor, Mark Seed, forward annual dividend income rose over $700 from last month via dividend increases alone. Although their actual amount of dividend income received in May 2022 is not mentioned, there is some great information in their respective posts.
Fire We Go received $1204.54 in dividend income for the month of May 2022.
Labour To Leisure received $209.82 in dividend income for the month of May 2022.
Tawcan received $2431.27 in dividend income in May 2022. This dividend income represents 36.73% YoY increase.
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.
Always great to see everyones income grow.
ReplyDeleteHeres hoping this strike notice lowers cnr price even more, would love to add to our position.
cheers pursuit!
I thought the CN operations would come to a halt but there still running with some workers on strike. I would like to add to my position as well.
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