3 INVESTMENTS THAT PAY MONTHLY DIVIDENDS!

Looking for shares that pay dividends on a monthly basis?  I've found the following three which I've added to my long term investment portfolio:

1.  Calamos Convertible and High Income Fund (CHY:NYSE)
Recent price--$13.55 per share with a dividend yield of 7.53%.  They have a price to earnings of 6.4 and their current dividend of $1.02 is less than 50% of current earnings per share.

2.  iShares S&P US Preferrd Stock (PFF:NYSE ARCA)  Recent price of $40.12 with a dividend yield of 6.19%.  PFF is an exchange traded fund (ETF) heavily invested in the financial sector (over 86%).

3.  Realty Income (O:NYSE) A real estate investment trust (REIT) which invests in commercial properties with long-term leases.  They have a dividend payout of 4.90% on their recent share price of $35.41. 

All three of the issues mentioned above pay dividends every month.  If you're looking for monthly payouts, you may want to have a look for yourself.  Of course you would need to do further research to see if they fit in with your own investment plan.