Dividend Income From Some Canadian Bloggers - August 2022

In Canada, the federal Conservative party concluded their leadership election. Pierre Poilievre won with 68% of the vote on the first ballot. Poilievre, born in Calgary, is given up for adoption by 16 year old teen mother. His adoptive parents were teachers from Saskatchewan.

Also in Canada, the federal Green Party is in turmoil. They are looking to select a new leader. Inflation in continuing to affect the lives of people around the world. From supply chain issues, shortage of drivers and port workers, and COVID19 slowing factories, their is a huge backlog. The ongoing war in Russia is continuing to affect the fuel prices.

On September 7, the Bank of Canada raised the interest rate hike 75 bps, or 0.75%, to 3.25%. At the start of the year, the interest rate was 0.25%. Therefore in less than a year, the interest rate has been raised 3%. For lines of credit and variable rate mortgages, the increased the greatly increased the amount of payments. For new mortgages, the cost of borrowing had deterred a lot of people from buying a home or condo.

There are predictions we will be in a recession later in 2022, while others are saying in 2023.

Let's get to the list of dividend income from some Canadian bloggers for August 2022.  Of course, I first want to mention my own dividend income report.

Passive Canadian Income received $1848.83 in passive income for the month of August 2022.  Of this total, $539.75 was dividend income.  The amount of new shares / units dripped came in at 6.

All About The Dividends received $571.34 in dividend income and added over $22.45 in forward dividend income via DRIPs.   

Reverse The Crush received $109.17 in dividend income in August  2022.  This is a 110% YoY increase.  

Our Life Financial received $1317.61 in dividend income.  Combined with her husband, they received $1546.97 in total dividend income and 28.17% increase YoY.  

Moneymaaster received $606.87 in dividend income and dripped 31 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 August 2022 is not mentioned, there is some great information in their respective posts.    

Fire We Go  , via YouTube video, received $2099.73 in dividend income for the month of August. 

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.