Brown Shoe (NYSE:CAL) is walking straight ahead as far as its shareholder payout is concerned. The company has declared its latest dividend, which is to be $0.07 per share paid on October 1 to shareholders of record as of September 20. That amount is in line with the company's long-standing policy; it has paid the same in every quarter since July 2007.

Brown Shoe is a habitual and steady dividend payer. In the press release announcing the upcoming disbursement, it pointed out that the payout will be its 363rd in a row.

The just-declared dividend annualizes to $0.28 per share. That yields 1.2% at Brown Shoe's most recent closing stock price of $23.10.

Fool contributor Eric Volkman has no position in Brown Shoe. 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.