First Horizon Declares Cash Dividends on Common and Preferred Stock

Rhea-AI Summary

First Horizon Corporation (NYSE: FHN) has announced a quarterly common stock dividend of $0.15 per share, payable on July 1, 2022, to shareholders of record by June 10, 2022. The company also declared cash dividends for its preferred stock series, including Series B with $331.25 per share, Series C at $165.00, Series E at $1,625.00, and Series F at $1,175.00 per share. Additionally, a $9.47917 quarterly dividend for First Horizon Bank's Class A Preferred Stock is also set for July 11, 2022, with a record date of June 24, 2022.

Positive

• Quarterly common stock dividend of $0.15 per share reflects company stability.
• Strong dividend payouts for preferred stocks indicating financial health.

Negative

• None.

MEMPHIS, Tenn., April 26, 2022 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the "Company") today announced that its board of directors has declared a quarterly common stock dividend of $0.15 per share. The dividend is payable on July 1, 2022 to shareholders of record at the close of business on June 10, 2022.

Preferred Dividend Information

Cash dividends were also declared on the Company's Series B, Series C, Series E and Series F Preferred Stock, and on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as follows:

FHN Series B

Semi-annual cash dividend of $331.25 per share on FHN's 6.625% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series B ("Series B Preferred Stock"). This equates to a cash dividend of $0.828125 per Depositary Share (NYSE:FHN PRB), which each represent a 1/400th interest in a share of the Series B Preferred Stock. The dividend is payable on August 1, 2022 to shareholders of record at the close of business on July 15, 2022.

FHN Series C

Quarterly cash dividend of $165.00 per share on FHN's 6.60% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series C ("Series C Preferred Stock"). This equates to a cash dividend of $0.4125 per Depositary Share (NYSE: FHN PRC), which each represent a 1/400th interest in a share of the Series C Preferred Stock. The dividend is payable on August 1, 2022 to shareholders of record at the close of business on July 15, 2022.

FHN Series E

Quarterly cash dividend of $1,625.00 per share on FHN's 6.50% Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"). This equates to a cash dividend of $0.40625 per Depositary Share (NYSE: FHN PRE), which each represent a 1/4,000th interest in a share of the Series E Preferred Stock. The dividend is payable on July 11, 2022 to shareholders of record at the close of business on June 24, 2022.

FHN Series F

Quarterly cash dividend of $1,175.00 per share on FHN's 4.70% Non-Cumulative Perpetual Preferred Stock, Series F ("Series F Preferred Stock"). This equates to a cash dividend of $0.29375 per Depositary Share (NYSE: FHN PRF), which each represent a 1/4,000th interest in a share of the Series F Preferred Stock. The dividend is payable on July 11, 2022 to shareholders of record at the close of business on June 24, 2022.

First Horizon Bank Class A

Quarterly cash dividend of $9.47917 per share on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock. The dividend is payable on July 11, 2022 to shareholders of record at the close of business on June 24, 2022.

About First Horizon 
First Horizon Corp. (NYSE: FHN, with $88.7 billion in assets as of March 31, 2022, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

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SOURCE First Horizon Corporation

FAQ

What is the dividend amount declared by First Horizon (FHN) in April 2022?

First Horizon declared a quarterly common stock dividend of $0.15 per share.

When is the common stock dividend for FHN payable?

The common stock dividend is payable on July 1, 2022.

What are the record dates for the preferred stock dividends of FHN?

The record date for preferred stock dividends is July 15, 2022, for the Series B and C, and June 24, 2022, for Series E, F, and Class A.

What are the dividend amounts for FHN's preferred stocks?

FHN's preferred stocks have dividends of $331.25 for Series B, $165.00 for Series C, $1,625.00 for Series E, and $1,175.00 for Series F.

When will the preferred stock dividends for FHN be paid?

The preferred stock dividends will be paid on August 1, 2022, and July 11, 2022, depending on the series.