Joy Global (NYSE:JOY) is hoping to spread joy to its stockholders in the form of a dividend. The company has declared its latest quarterly disbursement, which is $0.175 per share, to be paid on June 18 to shareholders of record as of June 4. That amount matches the distribution the company has handed out in every quarter stretching back to September 2008. Before that, Joy Global paid $0.15 per share.

The company rarely raises its dividend. Over the past 10 years, it has done so only four times.

The current payout annualizes to $0.70 per share. This yields 1.2% at Joy Global's most recent closing stock price of $58.95.

Fool contributor Eric Volkman has no position in Joy Global. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.