	great northern nekoosa gnn announces split the great northern nekoosa corp said it will recommend to shareholders a two for one common stock split the company said it will make the proposal to shareowners at its annual mmeting may in dothan ala near the company s great southern paper division operations in conjunction with the stock split proposal the shareowners will be asked to approve an increase in the authorized common stock from mln to mln shares the company said the company said it will propose an increase in its dividend rate if the split is approved effective with the june payment the company said the present rate on gnn common is cts per share the company said it would recommend a quarterly rate of cts a share on the split stock this would be equal to a dividend of cts a share on the present common seven pct higher than the current rate the company said it had increased the dividend by pct last december great northern nekoosa s last common stock split a three for two was in december it said as of dec there were shares of gnn common stock outstanding according to the company reuter 
