Cerner board approves 2-for-1 stock split

With shares trading around all-time highs, Cerner backs 2-for-1 stock split

Associated Press

KANSAS CITY, Mo. (AP) -- Health care information management company Cerner Corp. said Tuesday its board approved a two-for-one stock split.

Cerner said the board approved the split on Friday, and it will take effect around June 28. Shareholders of record on June 17 will receive one additional share of the company for every share they own.

The company's shares have climbed 23 percent in 2013, and they are up 39 percent since Cerner reported its third-quarter results in late October. The stock reached an all-time high of $98.88 on May 17.

Cerner had 172.3 million shares on the market as of Friday, and that amount will double to 344.6 million. On Tuesday, the stock fell 64 cents to $95.45. It slipped another 15 cents to $95.30 in aftermarket trading.