ConAgra (NYSE:CAG) has decided not to veer from its existing dividend policy. The company last week declared its latest dividend, which will again be $0.25 per share.

This is to be paid on Aug. 30 to shareholders of record as of July 31. That amount matches each of the comestibles giant's previous three distributions, the most recent of which was handed out at the end of May. Prior to the increase to $0.25 per share, ConAgra paid $0.24 per share.

The company is a steady and predictable payer of dividends. Since 2010, it has raised its disbursement after every four quarters, lifting it over that time from $0.20 to the current level.

The just-declared dividend annualizes to $1.00 per share. That yields 2.7% at ConAgra's most recent closing stock price.

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Fool contributor Eric Volkman has no position in ConAgra. Nor 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.