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Texaco to split stock: Texaco Inc., which has seen its stock price increase 33 percent in the past year, said it would split its common shares 2-for-1 next month. Texaco also said it would boost its quarterly dividend 5.9 percent to 90 cents a share on a pre-split basis from 85 cents. The change follows a third-quarter dividend increase of 5 cents a share. Texaco shares rose $2.50 to $114 a share in late morning trading. Texaco joins a number of other oil and gas industry companies that have enacted stock splits in the last year amid improved earnings and higher share prices.
