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 6 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 60 mln to 150 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 43 cts per share. The company said it would recommend a quarterly rate of 23 cts a share on the split stock. This would be equal to a dividend of 46 cts a share on the present common, seven pct higher than the current rate. The company said it had increased the dividend by 13 pct last December. Great Northern Nekoosa's last common stock split, a three-for-two, was in December 1983, it said. As of Dec 31, 1986, there were 26,661,770 shares of GNN common stock outstanding, according to the company.