Federated Department Stores split its stock.

The Cincinnati-based parent of Bullock’s and I. Magnin Stores increased its quarterly dividend by 10.5% to 74 cents per share, and declared a 2-for-1 split of its common stock in the form of a 100% stock dividend. The new quarterly 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 to shareholders of record April 13. On a post-split basis, Federated’s quarterly dividend will be 37 cents per share.