Is QYLD a monthly dividend?

Excuse me, could you please clarify something for me? I've been hearing about this investment strategy called QYLD, and I'm wondering if it offers monthly dividends? I've been looking into different ways to generate passive income and this seems like it might be a good option. But before I dive in, I'd like to make sure I understand the basics. So, is QYLD indeed a fund that pays out dividends on a monthly basis?