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Buy These 4 Monthly-Paying Dividend Stocks to Boost Your Passive Income

Image source: Getty Images. Amid the low interest rate environment, the returns on debt instruments have become unattractive. So, investors can buy monthly-paying dividend stocks to boost their passive income. Meanwhile, here are four stocks that are fundamentally strong and pay monthly dividends at healthier yields. Pembina Pipeline Pembina Pipeline(TSX:PPL)(NYSE:PBA) has been consistently paying a monthly dividend since 1997, thanks to its fee-based or take-or-pay contracts that generate stable cash flows. Since its inception, the company has distributed around $9.8 billion in dividends. Currently, the company pays a monthly dividend of $0.21 per share, with its forward dividend yield standing at an impressive 6.28%.

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