Security Pacific Corp., Los Angeles, increased its...

Security Pacific Corp., Los Angeles, increased its quarterly common stock dividend to 49 cents from 45 cents a share, payable May 20, to shareholders of record May 3 . . . Chicago-based Sears, Roebuck & Co. said it expects income this year will exceed last year’s record $1.65 billion . . . Singer Co. said its shareholders approved the merger of Singer Acquisition Co., a subsidiary of Bilzerian Partners Ltd. Partnership 1, into Singer, but the completion of financing is pending.