Costco Wholesale (NASDAQ:COST) might be an aggressive discounter, but it's not cutting its dividend. The retailer has declared its latest common stock distribution, which is to be $0.31 per share paid on Aug. 23 to shareholders of record as of Aug. 9. That amount matches the company's previous payout, which was dispensed at the end of May. Before that, Costco paid $0.275 per share.

The company has been a steady and solid dividend payer over the years. Since initiating a regular quarterly payout in 2004, its distribution has ranged from $0.10 per share to the present level.

The just-declared dividend annualizes to $1.24 per share. That yields 1.1% at Costco's most recent closing stock price of $118.05.

Fool contributor Eric Volkman has no position in Costco Wholesale. The Motley Fool recommends and owns shares of Costco Wholesale. 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.