TJX (NYSE:TJX) is maintaining its shareholder payout policy for the moment. The company has declared a quarterly dividend of $0.145 per share of its common stock, which is to be handed out on Sept. 5 to shareholders of record as of Aug. 15. That amount matches the company's previous distribution, which was paid last week. Before that, TJX distributed $0.115 per share.

The company is a fairly steady and reliable dividend payer. Since 2004, its disbursement has ranged from $0.04 per share to $0.19.

The just-declared dividend annualizes to $0.58 per share. That yields 1.2% at TJX's current stock price of $50.04.

Fool contributor Eric Volkman has no position in TJX. 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.