Disney Adds Two Independent Directors


John E. Pepper Jr. and Orin C. Smith have been elected independent directors at The Walt Disney Co.

Pepper retired as chairman of Procter & Gamble Co. in 2003.

Smith retired as CEO of Starbucks Corp. earlier this year.

The company’s board also declared an annual cash dividend of $0.27 per share, a 12.5% increase from last year's dividend, payable Jan. 6 to shareholders of record at the close of business Dec. 12.