It continues to grow organically and through acquisitions, and expects between $485 million and $525 million in adjusted EBITDA for next year. This renewable energy company recently reported its earnings, demonstrating full-year adjusted EBITDA of $463 million, and earnings before taxes of $150 million, a 23% increase. That’s why I’d absolutely consider TransAlta Renewables (TSX:RNW) instead. These stocks simply haven’t been performing well and don’t have as much long-term potential with the move to clean energy. I have to say, I’m also done with passive income stocks in the oil and gas market. Furthermore, it’s a deal trading at 7.08 times earnings. NorthWest now provides a dividend yield of 5.71% among passive income stocks. It now has an average lease agreement of about 14 years! Furthermore, with interest rates so low, it’s one of the passive income stocks that actually saw more properties renew lease agreements. NorthWest stock continues to bring in record revenue, thanks to acquiring even more properties. There were still health care stocks bringing in income, including NorthWest Healthcare Properties REIT (TSX:NWH.UN).
Real estate investment trusts (REIT) have traditionally been some of the best places to go for passive income stocks. And you can bring in a solid amount each and every month.
These dividend stocks provide stable, monthly income for investors tired of growth stocks. And that’s something we could all use on the TSX today. Passive income stocks are some of the best ways to bring in consistent income. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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