3 Stocks That Pay You Each Month

Most dividend stocks dish out a payment once every quarter, which is fine. Most investors seem to not actually need that income immediately, instead opting to reinvest those dividends in more share of the paying company.

If you're living off of your dividends though, that payout cadence can be a bit of a pain. Although you're collecting reliable income every three months, your mobile phone, utility, and credit card bills are coming due every month.

There is a solution. Although they're relatively rare, a handful of companies make dividend payments every month rather than every quarter. Here's a rundown of three you should consider.

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Source Fool.com