Cerner boosts dividend by 23%, to lift the implied yield above its peer group and the S&P 500

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Cerner Corp. CERN, -1.54% announced Friday a new quarterly dividend of 27 cents a share, which marks a 22.7% from the previous dividend of 22 cents a share. The health care information technology and devices company’s new dividend will be payable Jan. 11 to shareholders of record on Dec. 27. The stock slipped 0.2% in morning trading. Based on current share prices, the new annual dividend rate implies a dividend yield of 1.44%, up from a yield of 1.17% at the previous dividend rate. That compares with the yield for the SPDR Health Care Select Sector ETF XLV, -0.03% of 1.35% and the implied yield for the S&P 500 SPX, +0.31% of 1.31%. Cerner’s stock has lost 4.4% year to date, while the health care ETF has rallied 18.5% and the S&P 500 has climbed 25.1%.

This article was originally published by Marketwatch.com. Read the original article here.

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