FEDERATED DEPARTMENT <FDS> RAISES QTLY DIVIDEND
Federated Department Stores Inc said
it raised its quarterly common stock dividend to 74 cts a
share, from 67 cts, an increase of 10.5 pct.
    The company said it also approved a two-for-one stock split
in the form of a 100 pct stock dividend.
    At the same time, Federated said it will ask shareholders
to approve an increase in the number of authorized shares to
400 mln, from 200 mln.
    Federated said the dividend is payable on a pre-split basis
on April 24 to shareholders of record April 10.
    New shares from the stock split will be distributed May 11,
it said.
   
 Reuter
