Home Dividends Analysis Dividend Quick Picks Summary Monthly dividend stocks can be fantastic passive income machines. I take a look at two of the best monthly dividend machines in the market today. I detail why one is a buy and why the other one is not. Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More » Andrii Yalanskyi/iStock via Getty Images Monthly dividend stocks have a lot of appeal, especially for investors who are looking to live off of dividends in retirement. One reason is simply psychological: you get that monthly reaffirmation of why you hold that position. Instead Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARCC, BSRTF, HTGC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).…