Graco (NYSE:GGG) has decided not to veer from its existing dividend policy. The company has declared its latest quarterly common stock distribution, which is to be $0.25 per share paid on November 6 to shareholders of record as of October 21. That amount matches each of the firm's three preceding payouts, the most recent of which was dispensed at the beginning of August. Prior to that, Graco handed out slightly less, at $0.225 per share.

The firm has been a consistent dividend payer over the years. Since the beginning of 2009, its disbursement has climbed steadily from $0.19 to the present level.

The just-declared dividend annualizes to an even $1.00 per share. That yields 1.4% at Graco's most recent closing stock price of $73.46.

Fool contributor Eric Volkman has no position in Graco. 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.