This paper reports a novel wideband two-way power divider with improved out-of-band rejection based on substrate integrated waveguide (SIW) technology. Periodic radial line slots are etched on the bottom side of SIW to achieve the band-stop characteristic. The band-pass response is achieved by combing the band-stop characteristic of the radial line slots and the high-pass characteristic of SIW . An experimental circuit is fabricated by the traditional printed circuit board technology. The measured results show that the power divider has the advantages of wideband (about 42.8% with center frequency 7 GHz for Return Loss > 10 dB) and sharp roll-off skirts (better than 37 dB/GHz).