Waste Management (NYSE:WM) is hauling out another shareholder payment. The company has declared a quarterly dividend of $0.365 per share of its common stock on June 21 to shareholders of record as of June 7. That amount matches Waste Management's previous distribution, which was handed out in March. Prior to that, the company paid $0.355 per share.

The firm has been fairly steady and reliable in dispensing and increasing its dividend over the years. Since October 2000, that payout has ranged from $0.01 to the current level.

The just-declared dividend annualizes to $1.46 per share. That yields 3.5% at Waste Management's most recent closing stock price of $41.30.

Fool contributor Eric Volkman has no position in Waste Management. The Motley Fool recommends Waste Management. The Motley Fool owns shares of Waste Management. 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.