Valspar (NYSE:VAL) continues to spread its wealth to stockholders. The company has declared a quarterly dividend of $0.23 per share of its common stock, which will be paid on June 14 to shareholders of record as of June 3. This amount matches that of Valspar's preceding two quarterly payouts, the most recent of which was paid in mid-March. Prior to that, it handed out $0.20 per share. 

Valspar is a consistent dividend payer. Since late 2000, its distribution has ranged from $0.10 per share to the current level.

The just-declared dividend annualizes to $0.92 per share. That yields 1.2% at Valspar's most recent closing stock price of $73.81.

Fool contributor Eric Volkman has no position in Valspar, and neither does The Motley Fool. 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.