For investors seeking a steady stream of passive income, monthly dividend stocks are worth considering. While many dividend-paying stocks dish out cash to shareholders on a quarterly basis, companies that pay monthly dividends can be found among real estate investment trusts (REITs) and business development companies (BDCs). These monthly dividend stocks can be particularly attractive to retirees, income-focused investors, and those aiming to enhance returns through reinvestment. While the allure of regular monthly payouts is evident, prioritizing the sustainability of these dividends is param…