HYDRAULIC <THC> SPLITS 3-FOR-2, HIKES DIVIDEND The Hydraulic Co said its board approved a three-for-two stock split of its common stock and increased its quarterly cash dividend. It said the stock split will occur through a 50 pct stock distribution on Hydraulic's common stock, payable April 30 to stockholders of record on April 3. The quarterly cash dividend, payable April 15 to stockholders of record on April 3, is to be paid on Hydraulic's pre-split shares that are currently outstanding, the company said. The dividend will be 54.75 cts per share, up from 52 cts per share.It will represent a quarterly common stock cash dividend of 36.50 cts per share on the share that will be outstanding after the stock split, the company said.