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Disney boosted its dividend and extended Chairman George Mitchell's term through the end of next year.

Mitchell, a longtime Disney board member and a holdover from the contentious Michael Eisner era, will stay through next December "to facilitate an orderly chairman succession process," the Burbank, Calif., media giant said. Mitchell, who became chairman last year when Eisner was stripped of his chairmanship during a shareholder revolt, had been scheduled to leave following Disney's 2006 annual meeting.