Companies and many exchange traded funds pay dividends on a quarterly basis. But some ETFs pay distributions monthly. WisdomTree's Equity Income Fund (DHS) and Dividend Ex-Financials Fund (DTN) are two highly rated ETFs that do this. The Equity Income Fund and Dividend ex-Financials Fund made the switch to monthly distributions in July. Even with today's paltry interest rates, there's a benefit to getting paid 12 times a year instead of four.