TransAlta Renewables Inc Stock (OTC: TRSWF)

TransAlta Renewables Inc Stock (OTC:TRSWF), Trade Ideas

TransAlta Renewables

News

TRSWF

TSX:RNW

TransAlta Renewables Inc (TSX: RNW) (OTC: TRSWF) indirect subsidiary Kent Hills Wind LP (KHLP), 

TransAlta Renewables Reveals Rehabilitation Plan For Kent Hills

Asia

Penny Stocks

Markets

VWDRY

XJNGF

Key Takeaways:


	Xinjiang Goldwind has announced a new tie-up worth nearly $3 billion with the city of Wenzhou involving deep-sea wind power
	Move will allow the company to develop technology in a major new emerging area, and also help it diversify geographically beyond its controversial home base


By Doug Young

Goldwind Diversifies with $3 Billion Deep-Sea Wind Power Investment

Small Cap

AGNC

GAIN

LAND

MAIN

PSEC

STAG

SUUIF

By, Bob Ciura

Most dividend stocks made payments to shareholders on a quarterly basis. But not all companies pay quarterly dividends. In rarer cases, companies may pay dividends to shareholders annually or semi-annually. There is an even more appealing group known as monthly dividend stocks.

Don&#39;t Miss These 12 Dividend Stocks That Pay Monthly Dividends

TransAlta Renewables Inc

Earnings

GE Consolidated Q1 Adj. Total Revenue $15.2B, Up 10%; GE Aerospace Q1 Adjusted Revenue $8.1B, Up 15%

Deepwater Asset Management managing partner Gene Munster is astonished at the widespread use of artificial intelligence among high school students <a href="https://www.benzinga.com/news/23/11/35820744/google-now-has-ai-specifically-for-teens-with-guardrails-to-keep-it-safe">for cheating</a> but had his take on the issue that fetched a nod from Tesla and SpaceX CEO Elon Musk.
What Happened: On Monday, Munster&nbsp;took to X, formerly Twitter,&nbsp;and noted that while cheating has always been around, the rate of efficiency of it &#8220;exponentially increasing with generative AI.&#8221;
He then shared his insights after talking to one high school student and it included the usage of AI in writing papers which Munster deemed &#8220;out of control,&#8221; lack of concerns surrounding AI hallucinations, reduced time spent on homework, students finding workarounds to use platforms like ChatGPT and different perception toward what can be called cheating. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38351566/mark-zuckerberg-didnt-sell-facebook-for-1b-but-would-he-have-sold-for-5t-this-was-meta-ceos-thought?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Didn&#8217;t Sell Facebook For $1B But Would He Have Sold For $5T? This Was Meta CEO&#8217;s Thought Process</a>
Munster also acknowledged that high-school students know third-party tools that can make the AI-generated language undetectable.
However, despite this, Munster believes that <a href="https://www.benzinga.com/news/23/11/35820744/google-now-has-ai-specifically-for-teens-with-guardrails-to-keep-it-safe">students using these tools</a> are on the right track. He argues that embracing AI is essential for future job market success, not just for information workers but also for skilled labor.
&#8220;Initially I was shocked at hearing how widespread generative AI is being used in school. After reflecting on it, I landed on the view that the students using these tools are on the right track,&#8221; he said. 
Adding, &#8220;You have to embrace these tools to have a seat in the job market down the road. And it won&#8217;t be just information workers, skilled labor will undoubtedly need to leverage AI to stay relevant.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Tesla and SpaceX CEO Musk agreed with Munster&#8217;s post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4af;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782649950360186907?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The use of AI in education has been a topic of concern and debate. A&nbsp;survey&nbsp;conducted in 2023 found that <a href="https://www.benzinga.com/pressreleases/23/07/n33393806/back-to-school-survey-44-of-teens-likely-to-use-ai-to-do-their-schoolwork-for-them-this-school-yea">44% of teens were likely to use AI</a> to do their schoolwork, with 60% considering it cheating. This raised ethical concerns and the potential for a lack of learning in subjects where AI was used.
Later in the same year, it was found that OpenAI&#8217;s AI-powered chatbot, ChatGPT&#8217;s usage witnessed an <a href="https://www.benzinga.com/news/23/09/34750438/chatgpt-sees-major-uptick-as-schools-resume-homework-help-or-cheating-aid">increase after schools resumed</a>. At the time, it was reported that there was a significant decline in usage over the summer and it was possibly because many students found ChatGPT particularly useful for research on homework assignments. 
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38288858/elon-musk-says-bring-it-on-after-russian-space-chief-touts-amur-rocket-says-it-can-be-reused-up-to-5?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;Bring It On&#8217; After Russian Space Chief Touts Amur Rocket, Says It Can Be Reused Up To 5X More Than SpaceX&#8217;s Falcon 9</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Analyst Color

Tech

AAPL

GOOGL

High School Students 'On Right Track' With AI Tools Despite Cheating Epidemic, Says Munster; Elon Musk Agrees

HC Wainwright &amp; Co. analyst Joseph Pantginis maintains Astria Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXS#NASDAQ">ATXS</a>) with a Buy and lowers the price target from $18 to $16.

Price Target

Analyst Ratings

ATXS

HC Wainwright & Co. Maintains Buy on Astria Therapeutics, Lowers Price Target to $16

Bonds

Chinese Regulators Inspect Cross-Border Mechanism For Investment In Debt-Laden Local Governments' Offshore Bonds To Contain Financial Risks

On Monday, April 22nd, the U.S. stock markets closed higher, with the S&amp;P 500 and Nasdaq rebounding after six days of losses. The markets recovered from a recent sell-off as investors looked forward to key quarterly earnings reports, expected to provide insights into the condition of the U.S. economy.
According to economic data, the Chicago Fed National Activity Index rose to +0.15 in March, up from a revised +0.09 the previous month and exceeding market expectations of +0.09.
All 11 S&amp;P 500 sectors finished in green, with technology and financial stocks leading the gains.
The Dow Jones Industrial Average gained 0.67% to close at 38,239.98. The S&amp;P 500 rose 0.87%, ending the day at 5,010.60, while the Nasdaq Composite climbed 1.11%, finishing the session at 15,451.30.
Asian Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 index ended the trading day higher by 0.28% at 37,563.00, led by gains in the Mining, Chemical, Petroleum &amp; Plastic and Warehousing sectors.</li>
<li>In Australia, the S&amp;P/ASX 200 gained 0.45% to finish at 7,683.50, led by gains in the IT, healthcare, and&nbsp;financials&nbsp;sectors.</li>
<li>India&#8217;s Nifty 50 closed higher by 0.14% at 22,368.00, and the Nifty 500 rose 0.38%, closing at 20,652.65.</li>
<li>China&#8217;s Shanghai Composite slid 0.74% to end the session at 3,021.98, and the Shenzhen CSI 300 fell 0.70%, closing at 3,506.22.</li>
<li>Hong Kong&#8217;s Hang Seng Index gained 1.92%, concluding the day at 16,828.93.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index was up 0.80%.</li>
<li>Germany&#8217;s DAX gained 0.82%.</li>
<li>France&#8217;s CAC increased 0.36%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 0.31%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.04% at $81.94/bbl, and Brent was up 0.09% at $87.08 bbl.</li>
<li>Natural Gas gained 0.68% to $2.079.</li>
<li>Gold was trading lower by 1.56% at $2,309.90, Silver declined 1.85% to $26.740, while Copper was down 1.63% at $4.4023.</li>
<li>Gold prices declined in Asian trading on Tuesday, continuing profit-taking due to reduced geopolitical concerns in the Middle East and less safe-haven demand, compounded by a stronger dollar and the potential for sustained high U.S. interest rates.</li>
</ul>
US Futures at 06:00 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Dow futures were up 0.02%, S&amp;P 500 futures rose 0.07%, and Nasdaq 100 Futures climbed 0.14%.
Forex at 06:00 AM ET
The U.S. Dollar Index rose 0.03% to 106.11, USD/JPY was down 0.01% to 154.82, and USD/AUD gained 0.02% to 1.5510.
Photo by Pavel Bobrovskiy via Shutterstock

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Ex-China and Europe Markets Gain, Gold Retreats To $2,310 Amid Diminished Geopolitical Tensions - Global Markets Today While US Slept

WIIM

Danaher shares are trading higher following better-than-expected Q1 financial results.

Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.80 by 5 percent. This is a 12.5 percent decrease over earnings of $0.96 per share from the same period last year. The company reported quarterly sales of $113.161 million which beat the analyst consensus estimate of $109.737 million by 3.12 percent. This is a 19.72 percent increase over sales of $94.518 million the same period last year.

Earnings Beats

PEBO

Peoples Bancorp Q1 2024 GAAP EPS $0.84 Beats $0.80 Estimate, Sales $113.161M Beat $109.737M Estimate

Almost everyone has spare change jangling in their pockets or lying forgotten in drawers and so did I. After years of burgeoning wallets and coins tucked away in drawers, I decided to start a Penny Jar. What if you too could turn that overlooked nuisance into a powerhouse of benefits? Starting a penny jar might seem like child&#8217;s play, but it&#8217;s an underrated practice that can teach anyone young or old about savings and wealth building.
1. Boosting Financial Awareness
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060904/image-161-1024x585.png" alt="" class="wp-image-303941" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060904/image-161-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060904/image-161-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060904/image-161-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060904/image-161-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060904/image-161.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Collecting pennies might feel trivial, but it&#8217;s a simple act that can significantly heighten your financial awareness. Watching your jar slowly fill up makes you more conscious of your spending and saving habits. It&#8217;s a visual and tangible form of money management that can teach valuable lessons about budgeting and financial planning.
2. Emergency Rainy-Day Fund
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060916/image-162-1024x585.png" alt="" class="wp-image-303942" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060916/image-162-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060916/image-162-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060916/image-162-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060916/image-162-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060916/image-162.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Ever find yourself scrambling for a few dollars for unexpected expenses like parking or a tip? A penny jar can become a handy emergency fund for these small, yet urgent, expenditures. Over time, those pennies add up, and it&#8217;s always a relief to have a little extra cash on hand when you need it most.
3. Reducing Clutter
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060926/image-163-1024x585.png" alt="" class="wp-image-303945" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060926/image-163-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060926/image-163-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060926/image-163-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060926/image-163-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060926/image-163.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Instead of letting loose change clutter your home or weigh down your purse, consolidate it in a penny jar. This not only tidies up your space but also helps you reclaim those forgotten coins that otherwise might have been lost or thrown away.
4. Teaching Tool for Kids
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060944/image-164-1024x585.png" alt="" class="wp-image-303947" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060944/image-164-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060944/image-164-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060944/image-164-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060944/image-164-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060944/image-164.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
A penny jar is a fantastic way to teach children about money. It&#8217;s a hands-on educational tool that can help kids understand the value of saving. Plus, it&#8217;s exciting for them to see their money grow over time, which can encourage a lifelong habit of saving.
5. Unexpectedly Fun Hobby
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060949/image-165-1024x585.png" alt="" class="wp-image-303948" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060949/image-165-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060949/image-165-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060949/image-165-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060949/image-165-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23060949/image-165.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Who knew saving pennies could be a hobby? For some, the thrill of finding and adding new coins to their collection can be genuinely enjoyable. It&#8217;s a quest to see how much you can save and how full you can get your jar. Plus, it&#8217;s always a pleasant surprise to count up the total and see how all those little contributions have added up.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38351303/i-have-been-to-thailand-over-a-dozen-times-and-picked-up-these-5-recipes-that-i-can-make-in">I Have Been To Thailand Over A Dozen Times And Picked Up These 5 Recipes That I Can Make In My Own Kitchen</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Personal Finance

General

5 Things A Penny Jar Taught Me About Savings And Wealth Building And Why You Should Give It A Try As Well

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Legend Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGN#NASDAQ">LEGN</a>) with a Buy and maintains $87 price target.

Reiteration

LEGN

HC Wainwright & Co. Reiterates Buy on Legend Biotech, Maintains $87 Price Target

Calix Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) reported a first-quarter FY24 sales decline of 9.5% year-on-year to $226.31 million, <a href="https://www.benzinga.com/pressreleases/24/04/b38364794/calix-releases-first-quarter-2024-financial-results" target="_blank" rel="noreferrer noopener">missing the analyst consensus estimate of $228.139 million</a>.
Gross margin for the quarter expanded 300 basis points to 54.2% and the gross profit dropped 4.3% to $122.6 million.
Total operating expenses increased 5.5% to $124.6 million. Operating loss totaled $(2) million compared to an operating income of $9.9 million.
Adjusted EPS of $0.21&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus estimate of $0.20.</a>
Calix&nbsp;held $239.5 million in cash and equivalents as of March 30, 2024. Operating cash flow for the quarter totaled $14.7 million.
Outlook:&nbsp;Calix&nbsp;sees second-quarter revenue of $197 million &#8211; $203 million (consensus $232.76 million) and gross margin of 53.55% &#8211; 55.55%.
Calix&nbsp;expects second-quarter adjusted EPS of&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$0.03 &#8211; $0.09 versus an estimate of $0.24.</a>
Price Action: CALX shares traded lower by 18.44% at $24.11 premarket Tuesday.
Photo via Shutterstock

Equities

Guidance

Movers

CALX

Why Is Telecommunications Company Calix Stock Taking A Hit Today?

The9 Limited ("The9") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCTY#NASDAQ">NCTY</a>), an established Internet company, today announced that it received a notification letter from the Nasdaq Listing Qualifications department of the Nasdaq Stock Market dated April&nbsp;22, 2024 stating that The9 has regained compliance with the Nasdaq Listing Rule&nbsp;5550(b)&nbsp;which requires The9 to maintain either a minimum $2.5 million stockholders' equity, or $35 million market value of listed securities, or $500,000 of net income from continuing operations for The Nasdaq Capital Market.

NCTY

The9 Limited Regains Compliance With The Nasdaq Listing Rule 5550(b) For Minimum Shareholders Equity Maintenance

Evercore ISI Group analyst Sean Morgan downgrades SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) from Outperform to In-Line and maintains the price target from $6 to $6.

Downgrades

SPWR

Evercore ISI Group Downgrades SunPower to In-Line, Maintains Price Target to $6

SNPS

Synopsys shares are trading lower in sympathy with Cadence Design Systems, which reported Q1 financial results.

CDNS

Cadence Design System shares are trading lower after the company issued Q2 adjusted EPS and sales guidance below estimates.

Evercore ISI Group analyst Sean Morgan assumes First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Outperform rating and maintains Price Target of $227.

Initiation

FSLR

Evercore ISI Group Assumes First Solar at Outperform, Maintains Price Target of $227

GOLD

PAAS

SSRM

Shares of precious metals stocks are trading lower as gold and silver continue to retreat from recent strength.

HC Wainwright &amp; Co. analyst Yi Chen reiterates ASLAN Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLN#NASDAQ">ASLN</a>) with a Buy and maintains $9 price target.

ASLN

HC Wainwright & Co. Reiterates Buy on ASLAN Pharma, Maintains $9 Price Target

AMZN

Amazon Introduces Low-Cost Grocery Delivery Subscription For Prime Members And Customers Using EBT

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates Gold Royalty (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) with a Buy and maintains $5.75 price target.

GROY

HC Wainwright & Co. Reiterates Buy on Gold Royalty, Maintains $5.75 Price Target

Emeren And Nuveen Infrastructure Finalize 354 MWp Battery Storage Portfolio In Italy With 2.83 GWh Capacity

TransAlta Renewables Non-GAAP EPS of C$0.27, revenue of C$119M

TransAlta Renewables declares CAD 0.0783 dividend

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With most companies distributing dividends quarterly, investors needing predictable monthly cash flow could desire more frequent payouts.
The good news is that there are a number of securities that pay dividends on a monthly basis, helping to deliver a steady stream of income. This article will discuss three of the <a href="https://www.suredividend.com/best-monthly-dividend-stocks/">best monthly dividend stocks</a> right now.
<div></div>

<h2>STAG Industrial (STAG)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/03/stag-1600-warehouse-reit-300x169.jpg" alt="stocks to buy: warehouse interior with shelves, pallets and boxes D" width="300" height="169"><div>Source: Don Pablo / Shutterstock.com</div></div>
STAG Industrial (NYSE:<a href="https://investorplace.com/stock-quotes/stag-stock-quote/">STAG</a>) is an owner and operator of industrial real estate. It is focused on single-tenant industrial properties and has&nbsp; about 563 buildings across 41 states. The focus of this real estate investment trust (REIT) on single-tenant properties might create higher risk compared to multi-tenant properties, as the former are either fully occupied or completely vacant. However, STAG Industrial executes a deep quantitative and qualitative analysis on its tenants.
As a result, it has incurred credit losses that have been less than 0.1% of its revenues since its initial public offering (IPO). As per the latest data, 53% of the tenants are publicly rated and 31% of the tenants are rated &ldquo;investment grade.&rdquo; The company typically does business with established tenants to reduce risk.
In late April, STAG Industrial reported financial results for the first quarter of fiscal 2023. Core funds from operations (FFO) per share grew 4% over the prior year&rsquo;s quarter, in line with the analysts&rsquo; consensus, thanks to the sustained strength of the REIT&rsquo;s tenants and material hikes in rent rates. Net operating income grew 8% over the prior year&rsquo;s quarter but the occupancy rate dipped sequentially from 98.5% to 97.6%. STAG Industrial is facing a headwind due to the pandemic and the ongoing economic slowdown.
However, the REIT has proved fairly resilient so far thanks to the high credit profile of its tenants. The REIT has collected essentially all its rental income in the last eight quarters. STAG Industrial has provided guidance for core FFO per share of $2.22-$2.26 in 2023.
STAG Industrial has a well-laddered lease maturity schedule, with a weighted average lease term of 4.9 years and about half of the leases maturing after the end of 2025. Thus, the cash flows of the REIT can be considered fairly reliable under normal business conditions.
STAG Industrial is one of the few REITs that pay dividends on a monthly (instead of a quarterly) basis &mdash; a valuable characteristic for income investors. Income investors should also note that STAG Industrial currently offers a 4.3% yield and has never cut its dividend throughout its short history.

<h2>TransAlta Renewables (TRSWF)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy" width="300" height="169"><div>Source: Proxima Studio / Shutterstock.com</div></div>
TransAlta Renewables (OTCMKTS:<a href="https://investorplace.com/stock-quotes/trswf-stock-quote/">TRSWF</a>) is a renewable energy company based in Canada. Its history in renewable power generation goes back more than 100 years. In 2013, the company was spun off from TransAlta (NYSE:<a href="https://investorplace.com/stock-quotes/tac-stock-quote/">TAC</a>), which remains a major shareholder in the alternative power generation company. The company has maintained or increased its dividend (in Canadian currency) every year since 2014.
Its portfolio consists of about 50 facilities powered by wind, natural gas, hydro or solar. It generates the majority of cash flow from its natural gas and wind assets. TransAlta Renewables reported fourth-quarter 2022 results on Feb. 22, 2023. The company generated 4.2% less renewable energy production compared to the year-ago quarter. During Q4, TransAlta Renewables generated 1,264 GWh compared to 1,319 GWh in Q4 2021. Revenue came in higher by 11.6% over the prior year, to C$154 million. Adjusted EBITDA decreased by 5% year-over-year and free cash flow decreased by 24% to C$94 million compared to C$123 million. Cash available for distribution (CAFD) per share was down 35% to 58 cents.
The extended facility outage at the Kent Hills 1 and 2 wind facilities weighed on results. The company suffered a tower collapse at the Kent Hills 2 wind site and determined that all 50 turbine foundations at the Kent Hills 1 and 2 wind sites require a full foundation replacement. However, this is a temporary issue that should be resolved in the second half of 2023.
As the largest wind power generator in Canada, the company may have some competitive advantages. These include experience as a developer and operator of wind facilities in Alberta. With a dividend payout ratio below 70%, the current 8% yield appears secure.

<h2>Digital Realty Trust (DLR)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/08/shutterstock_1696920283-300x169.jpg" alt="A hallway with server racks on either side in a data center" width="300" height="169"><div>Source: dotshock / Shutterstock</div></div>
Digital Realty (NYSE:<a href="https://investorplace.com/stock-quotes/dlr-stock-quote/">DLR</a>) is a REIT that operates in the technology sector. Its properties include data centers, technology manufacturing sites and more. The company operates over 300 facilities in 28 countries on six continents.
First-quarter 2023 revenue came in at $1.34 billion, up 18% year-over-year. FFO per share of $1.66 was in line with analyst estimates. Reported rental rate increases on renewal leases was 4.5% on a cash basis in the first quarter. The company maintained full-year guidance, expecting FFO per share in a range of &nbsp;$6.65 to $6.75.
Since 2010, Digital Realty increased its FFO per share by an average compound rate of 6.1% per year. We believe the company can achieve a similar growth rate in the future, which will be generated from organic growth as well as acquisitions.
Digital Realty has been very strategic in its acquisitions. For example, in 2017, Digital Realty completed its purchase of DuPont Fabros Technology. This is a REIT that leased properties to some of the largest tech companies in the world. Companies like Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>)&nbsp;are then free to build their own data centers within the properties. More recently, Digital Realty added Interxion, gaining exposure to the European cloud industry.
Digital Realty&rsquo;s chief competitive advantage is that it is among the largest technology REITs in the world. This gives the REIT a size and scale advantage that competitors have difficulty matching. In addition, the company has proven to be able to utilize its balance sheet to fund acquisitions in order to grow FFO and revenues.
Digital Realty&rsquo;s dividend payout ratio (using FFO instead of earnings) is comparatively low for a REIT, which should give shareholders confidence that the dividend is relatively safe.
On the date of publication, Bob Ciura did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>
Bob Ciura has worked at <a href="https://twitter.com/SureDividend">Sure Dividend</a> since 2016. He oversees all content for Sure Dividend and its partner sites. Prior to joining Sure Dividend, Bob was an independent equity analyst. His articles have been published on major financial websites such as The Motley Fool, Seeking Alpha, Business Insider and more. Bob received a bachelor&rsquo;s degree in Finance from DePaul University and an MBA with a concentration in investments from the University of Notre Dame.
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The post <a href="https://investorplace.com/2023/05/3-top-monthly-dividend-stocks-for-income-investors/">3 Top Monthly Dividend Stocks for Income Investors</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Top Monthly Dividend Stocks for Income Investors

TransAlta Renewables Inc. (TRSWF) Q1 2023 Earnings Call Transcript

TransAlta Renewables: High Risk, But Good Opportunity

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The TransAlta Merger: Thoughts And A Potential Double-Digit Yield Play

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TransAlta Renewables Inc. GAAP EPS of C$0.05 misses

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AQNA

AQNB

AQNU

BAMGF

BAMKF

BEPC

BKAMF

BKFAF

BRENF

BROXF

BXDIF

CWEN

CWEN.A

DUKB

INGXF

MSFT

NEEPRR

NPIFF

TSLTF

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National Bank Financial Inc