Investing in high-yielding, monthly dividend-paying stocks is an excellent strategy for earning a stable passive income and hedging against rising commodity prices. Investors could also reinvest their passive income to earn superior returns. Against this backdrop, let’s look at three monthly dividend-paying stocks that offer over 7% dividend yields.
NorthWest Healthcare Properties REIT
First on my list would be NorthWest Healthcare Properties REIT (TSX:NWH.UN), which owns and manages 186 healthcare properties across seven countries. It has signed long-term lease agreements with government-backed tenants, which allows it to enjoy higher occupancy and collection rates. In the June-ending quarter, the REIT posted impressive occupancy and collection rates of 96.5% and 99%, respectively.
Moreover, NorthWest Healthcare sold its United Kingdom portfolio for $885 million earlier this month. The completion of this transaction marks the…
