The Walt Disney Company Board of Directors today declared a cash dividend of $0.66 per share for the first six months of fiscal 2015, payable July 29 to shareholders of record at the close of business on July 6. With this dividend, Disney will begin paying dividends on a semi-annual basis, rather than once a year.

“Disney delivered significant increases in revenue, net income and EPS for the first half of fiscal 2015. We are pleased to raise our dividend 15% on an annualized basis, as well as increasing the frequency of our dividend payments,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.