With its stock price approaching $100 per share, Cerner Corp. will conduct a 2-for-1 split of shares on June 28, with each shareholder of record on June 17 receiving twice as many shares at half the price.
This is the sixth time that Cerner has split its stock since going public in December 1986. Splitting the stock and moving down to a price around $50 per share will make the stock more accessible to a broader range of investors, according to the vendor.
“If you hold shares in a brokerage account, the additional shares will automatically be deposited to your brokerage account,” read an explanation from the company. “Registered shareholders will not receive a stock certificate. Instead, if you hold paper certificates now, the additional shares you receive as a result of the stock split are being distributed through the Direct Registration System. This means that you have full ownership of your shares without the responsibility of holding the actual certificates. A Direct Registration Transaction Advice will be mailed to you by Computershare, our transfer agent, and is your confirmation; it indicates the number of additional shares you own as a result of the split.”
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