All things being equal, getting paid more frequently is certainly better, right? So, while most dividend stocks make quarterly payments to shareholders, there are a few hundred publicly traded companies that choose to pay monthly instead.

While not all monthly dividend stocks are great investment opportunities, there are two ways that monthly dividends can boost your income: the higher dividend yields that monthly payers tend to pay; and the mathematics of more frequent compounding. And here's what investors need to know about both.

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Source Fool.com