Microsoft (NASDAQ:MSFT) has declared its latest quarterly dividend. The software giant will distribute $0.23 per share of its stock on June 13 to shareholders of record as of May 16. This matches the company's two preceding disbursements. Prior to that, Microsoft paid $0.20 per share.

The company has been a habitual dividend payer since the early years of this century. Its distribution has climbed steadily since those times, rising from $0.08 to the current level.

The current dividend annualizes to $0.92 per share. That yields 3.3% at Microsoft's most recent closing stock price of $27.91.

Fool contributor Eric Volkman has no position in Microsoft. The Motley Fool owns shares of Microsoft. 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.