VOO dividend pay

Sorry if this is a dumb question but I am new to investing. I see that the VOO pays a dividend yield of 1.24 percent and from my understanding pays this 4 times a year. Is that 1.24 percent split by 4? Meaning 1.24 divided by 4 so they pay .31 every quarter?

Or is it 1.24 percent fully paid every quarter?

I hope I made sense