One of the steadiest and most reliable dividend payers on the market is keeping its long payout streak alive. Dow Chemical (NYSE:DOW) has declared a quarterly distribution of $0.32 per share, to be handed out on October 30 to shareholders of record as of September 30. That amount matches each of the storied firm's previous five payouts, the most recent of which was dispensed at the end of July.
In the press release announcing the news, Dow Chemical didn't shy away from mentioning that the upcoming payout will be its 408th in a row.
The just-declared dividend annualizes to $1.28 per share. That yields 3.3% at the company's most recent closing stock price of $38.86.
Fool contributor Eric Volkman has no position in Dow Chemical. 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.