Automatic Data Processing (NASDAQ:ADP) will dole out the latest in a long string of shareholder payouts. The company has declared a fresh quarterly dividend of $0.435 per share, to be paid on October 1 to shareholders of record as of September 13. That amount matches each of the firm's preceding three distributions, the most recent of which was paid at the beginning of July. Prior to that, ADP handed out marginally less at $0.395 per share.

The firm is a very steady and consistent dividend payer. It has also raised its disbursement every year starting in 1976.

The just-declared dividend annualizes to $1.74 per share. That yields 2.4% at ADP's most recent closing stock price of $72.24.

Fool contributor Eric Volkman has no position in Automatic Data Processing. The Motley Fool recommends Automatic Data Processing. 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.