Chevron (NYSE:CVX) announced it iwill pay a quarterly dividend of $0.90 per share. The company will disburse the payout on March 11 to shareholders of record as of the end of February 15.

By doing so, Chevron is keeping the dividend steady. It has now paid the same amount in four straight quarters. Prior to that, it disbursed $0.81 per share.

The company is a longtime and habitual dividend payer. It has managed to increase its payout slowly, but steadily, since late 2004. At that time, it paid out $0.40 per share to its stockholders.

Fool contributor Eric Volkman has no position in Chevron. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.