K MART &lt;KM> RAISES PAYOUT, VOTES SPLIT

  K mart Corp said its board approved
  a 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.
  

