4 ETFs For Monthly Dividend Hunters (SDIV, PCY, CSJ)

For some income investors, quarterly or annual dividends just aren't enough. They want their dividends and they want them now. Or they want them on a more frequent basis, say monthly. There are hundreds of stocks that pay monthly dividends. Throw in the many closed-end funds that do so as well and the number of monthly dividend payers grows even larger.Oddly enough, the universe of ETFs that pay dividends on a monthly is still sparsely populated even though the number of dividend ETFs on the market is robust and continues to grow.Those looking for ETFs with a monthly payout have to do some homework, but we'll alleviate the burden here with a few ETFs that can boost your monthly cash flow.Global X Super Dividend ETF (NYSE: SDIV)The Global X Super Dividend is just six weeks shy of its first birthday and in those ten months of trading, the fund has proven its mettle as a legitimate income play. SDIV's current distribution yield is almost 12.3%, according to Global X data, and the fund's equal-weight approach could prove beneficial going forward. SDIV is international in scope as the U.S. accounts for less than 34% of the fund's weight with Australia, the U.K. and Canada figuring prominently in the fund's mix. Global X confirmed for Benzinga that SDIV does pay a monthly dividend.iShares Barclays 1-3 Year Credit Bond ETF (NYSE: CSJ)Several of the monthly dividend ETF payers are bond funds and CSJ is one of them. The yield isn't exciting at just 1.6%, but CSJ is appealing to conservative investors because it's a large ($9.37 billion in AUM), cheap (0.2% expense ratio) fund that can help fill a fixed income void within a portfolio. Nearly all of CSJ's holdings are high-grade bonds.AdvisorShares Madrona Global Bond ETF (NYSE: FWDB)FWDB, which invests in at least 12 global bond classes that cover the entire global investable bond universe, is akin to a bond fund of funds because it's holdings are other bond ETFs. The iShares iBoxx $ Investment Grade Corp Bond ETF (NYSE: LQD), the Vanguard Mortgage-Backed Securities Index ETF (NYSE: VMBS) and the iShares iBoxx $ High Yield Corporate ETF (NYSE: HYG) combine for over 41% of FWDB's weight and yes, the fund pays its dividends monthly.PowerShares Emerging Markets Sovereign Debt Portfolio (NYSE: PCY)A prime example of the popularity of emerging markets bonds ETFs PCY currently yields 5.3% and is a monthly dividend payer. PCY, which will turn five years old later this year, is home to 64 holdings and over $1.7 billion in AUM. Top country allocations currently include Peru, Brazil, Pakistan, Qatar, Poland and the Philippines. For more on dividend ETFs, please click HERE.