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I know people who submit articles three to five times a week. These folks are usually using article marketing to support their affiliate marketing efforts. In this case, volume can make a big difference.
I believe that once a week to once a month is sufficient for steady, organic traffic growth in most cases. But, of course, the more articles you post to directories the better.
To "win" the article marketing race, quantity is quite important. So, posting more often will help you reach large numbers more quickly.
Ultimately, the question you should be asking is, "How does article marketing fit within my overall business strategy?". Your answer to this question will help you decide how often you should be posting.