Ray Donovan has been renewed for a fifth season, Showtime's president and CEO David Nevins announced at the Television Critics Association summer tour on Thursday. Production for the 12, one-hour episodes will begin next year.

The news comes at a time when Ray Donovan, which stars Liev Schreiber as the titular main character of the drama, is having its best year ever — having grown in year-over-year ratings and earning its biggest haul of Emmy nominations yet.

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Schreiber picked up his second consecutive nomination for Outstanding Lead Actor, Jon Voight earned his second for Outstanding Supporting Actor in a Drama Series and Hank Azaria was also nominated for Outstanding Guest Actor in a Drama Series.

In addition, Ray Donovan's executive producer and showrunner David Hollander got a nomination for Outstanding Directing for a Drama Series and the show got a sound mixing nod as well.

Ray Donovan airs Sundays at 9/8c on Showtime.