IBM (NYSE:IBM) has elected to maintain its dividend policy. The company declared a payout of $0.95 per share, to be dispensed on Sept. 10 to shareholders of record as of Aug. 9. That amount matches the company's previous dividend, which was paid last month. Before that, IBM was less generous by a dime, dispensing $0.85 per share.

For a tech company, IBM has a long and storied history of paying quarterly distributions on a consistent basis. It has handed them out every year since 1916.

The just-declared dividend annualizes to $3.80 per share. That yields 1.9% at the company's most recent closing stock price of $196.01.

Fool contributor Eric Volkman has no position in IBM. The Motley Fool owns shares of IBM. 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.