JACOBSON &lt;JCBS> VOTES SPLIT, INCREASES PAYOUT

  Jacobson Stores Inc said its
  board voted a three-for-two stock split, payble March 30,
  record March 13.
      In other action, Jacobson's directors approved an increase
  in its quarterly dividend to 11 cts on a post split basis
  payable April 14, record March 30.
      The new dividend rate represents a 32 pct increase over the
  12-1/2 cts paid quarterly on a pre-split basis.
  

