First Horizon declares dividends on stock holdings

Published 28/01/2025, 22:22
First Horizon declares dividends on stock holdings

MEMPHIS, Tenn. - First Horizon Corporation (NYSE:FHN), a prominent regional financial services company with a strong track record of 19 consecutive years of dividend payments, announced dividends on its common and preferred stock today. The board of directors has declared a quarterly cash dividend of $0.15 per share on FHN’s common stock, payable on April 1, 2025, to shareholders of record as of March 14, 2025. According to InvestingPro, the company has raised its dividend for seven consecutive years, currently offering a yield of 1.87%.

In addition to the common stock dividend, First Horizon has declared dividends on various series of preferred stock. Shareholders of the 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C, will receive a quarterly cash dividend of $165.00 per share, which translates to $0.4125 per Depositary Share (NYSE: FHN PRC). These dividends are scheduled for payment on May 1, 2025, to shareholders on record by April 16, 2025.

Holders of the 6.50% Non-Cumulative Perpetual Preferred Stock, Series E, are set to receive a quarterly cash dividend of $1,625.00 per share, or $0.40625 per Depositary Share (NYSE: FHN PRE), payable on April 10, 2025, to those on record as of March 26, 2025.

The 4.70% Non-Cumulative Perpetual Preferred Stock, Series F, will have a quarterly cash dividend of $1,175.00 per share, equating to $0.29375 per Depositary Share (NYSE: FHN PRF), also payable on April 10, 2025, to shareholders of record on March 26, 2025.

Lastly, the Class A Non-Cumulative Perpetual Preferred Stock of First Horizon Bank will see a quarterly cash dividend of $13.50160 per share, with payment due on April 10, 2025, for shareholders recorded by March 26, 2025.

First Horizon Corporation, with headquarters in Memphis, TN, manages $82.2 billion in assets as of December 31, 2024, and operates its banking subsidiary First Horizon Bank across 12 southern U.S. states. With a market capitalization of $7.73 billion and trading near its 52-week high, the company maintains a "GREAT" financial health score according to InvestingPro, which offers additional insights through its comprehensive analysis tools. The company provides a variety of financial services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services.

This dividend announcement is based on a press release statement issued by First Horizon Corporation.

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