THREE STOCKS THAT PAY DIVIDENDS EVERY MONTH!

Want to create your own cash machine without having to keep track of a lot of different stocks?  How about 3 stocks that pay monthly dividends.  When it's all about creating cash flow, you can hardly beat stocks with monthly payouts.  Here are 3 that I believe will do well and have invested in for the long term:

1.  Gas Natural Inc. (EGAS) formerly Energy, Inc., distributes natural gas in Maine, North Carolina, Wyoming and Montana.  Founded in 1909, the stock pays a dividend yield of 5.1% with a price to earnings ratio of 7.03.

2.  Realty Income Corp. (O), a real estate investment trust, has been around since 1969.  They specialize in commercial retail real estate.  Their dividend yield is 5.1% and the stock trades at 16.9 times forward earnings.

3.  Calamos Convertible and High Income (CHY) has a fairly high yield of 8.2%, however, the management fee is a little on the high side at 1.13%.  Trading at about a 1.5% discount to net asset value, this CEF, founded in 2003, invests in high yield fixed income securities and convertible securities.

(I currently hold shares of EGAS in my IRA account and have positions in O and CHY in my regular taxable investment account.)