K mart Corp said its board approveda 17.6 pct increase in the quarterly dividend and declared a
three-for-two stock split.
    The company raised its dividend to 43.5 cts a presplit
share, up from the previous 37 cts a share. After the split,
the new quarterly dividend rate is equivalent to 29 cts a
share. It is payable June Eight, record May 21.
    It said the additional shares will be distributed June
Five, record May 21.
 Reuter
