The Walt Disney Company’s Board of Directors declared a cash dividend Wednesday of $0.66 per share for the first six months of fiscal 2015.
The dividend will be payable July 29 to shareholders of record at the close of business on July 6. With this offering, Disney will begin paying dividends on a semi-annual basis, as opposed to once per year.
July’s dividend is up 15 percent year over year.
“Disney delivered significant increases in revenue, net income and EPS for the first half of fiscal 2015,” said Bob Iger, Disney’s chairman and chief executive officer. “We are pleased to raise our dividend 15 percent on an annualized basis, as well as increasing the frequency of our dividend payments.”
Last week, Disney elected to reverse the pending layoffs of 35 technology employees at Disney/ABC Television in New York and Burbank, California.
Earlier this month, it was revealed that CFO Jay Rasulo will step down at the end of June.
In May, the company reported better-than-expected second-quarter results.