Income-oriented equity investors know that most stocks that pay regular dividends distribute those dividends quarterly. There are, however, about 80 companies that pay monthly. For retired people or others who depend on investment income for monthly expenses, there are several distinct advantages to monthly dividend stocks.
If you are one of the many investors who understands and appreciates the benefits of monthly dividends, or you just enjoy the psychological satisfaction of being paid sooner rather than later, here are seven monthly dividend-paying stocks you should add to your portfolio today.
This post originally appeared at U.S. News & World Report.