Hotel franchiser Choice Hotels International (NYSE:CHH) announced today its third-quarter dividend of $0.185 per share, the same rate it's paid since 2008.

The board of directors said the quarterly dividend is payable on October 16 to holders of record at the close of business on October 10. The regular dividend payment equates to a $0.74-per-share annual dividend, yielding 1.8% based on the closing price today of Choice Hotels International's stock.

CHH Dividend data by YCharts. Chart reflect payment of a special dividend in August 2012.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Choice Hotels International. 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.