3 Great Stocks That Pay You Each Month

Dividend stocks are an excellent source of supplemental income at all times, but there's nothing like receiving some extra income every month. Although reinvesting dividends is the only foolproof way to grow your wealth over time, the monthly dividend income can often help cover your monthly bills, especially during tough times.

Even better, in a world where most stocks pay dividends quarterly, a handful of companies don't just pay a dividend every month but also increase dividends regularly. That's an absolute win-win for investors. Here are three such top dividend growth stocks that pay monthly.

It's unusual to find an energy stock among top dividend payers, but Pembina Pipeline (NYSE: PBA) is a fine exception that doesn't just pay stable dividends but also increases them regularly and cuts a dividend check every month. The stock yields a hefty 6.5%.

Source Fool.com