Dividend stocks can be great for generating passive income. While most make payments every quarter, a handful pay investors each month. The latter approach is ideal for investors who need consistent cash flow to help cover their recurring expenses.
Canadian pipeline operator Pembina Pipeline (NYSE: PBA), farmland REIT Gladstone Land (NASDAQ: LAND), and office REIT SL Green Realty (NYSE: SLG) are three dividend stocks that pay every month. Here’s a closer look at this monthly dividend trio.