Quarterly dividends are fine if you're simply reinvesting those payments in more shares of the stock dishing them out, or accumulating cash to invest later.

If you're using dividend income to pay your monthly bills, however, a quarterly payment cadence can be a headache. In some months you may not receive all the cash you need to cover your basic cost of living.

So here's a rundown of three stocks that pay their dividends monthly rather than once per quarter. Notice that the yield on each is better than average, although there is a potential catch.

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Source Fool.com