Cerner will pay stockholders a cash dividend of $0.18 per share, up $0.03 over the amount projected in February, the company announced May 30.
The dividend will be payable July 26. This marks Cerner's first quarterly cash dividend and "reflects our confidence in the stability of our business and long-term growth prospects," CFO Marc Naughton said in a press release.
Cerner expects to continue paying dividends each quarter, contingent on the company's financial and operational standing.
Cerner has made several changes to its business model this year, first announcing a pivot from EHRs to "platforms" in January, then overhauling its board under an agreement with investor Starboard Value and making structural changes based on an internal and external review conducted in 2018.
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