First Horizon Declares Cash Dividends on Common and Preferred Stock

Rhea-AI Summary

First Horizon Corporation (NYSE: FHN) has declared a quarterly common stock dividend of $0.15 per share, payable on October 1, 2021, to shareholders of record by September 10, 2021. Additionally, cash dividends were approved for its preferred stock series, including Series C with $165.00 per share, Series D with $305.00, Series E with $1,625.00, and Series F with $1,175.00. These dividends are set to be paid on November 1, 2021, for Series C and D, and on October 12, 2021, for Series E, F, and Class A Preferred Stock.

Positive

• Quarterly common stock dividend of $0.15 per share reflects strong shareholder return.
• Series C Preferred Stock dividends indicate financial stability with $165.00 per share.
• Series D and Series E dividends show ongoing commitment to preferred shareholders with $305.00 and $1,625.00, respectively.

Negative

• None.

MEMPHIS, Tenn., July 27, 2021 (GLOBE NEWSWIRE) -- 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 October 1, 2021 to shareholders of record at the close of business on September 10, 2021.

Preferred Dividend Information

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

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 November 1, 2021 to shareholders of record at the close of business on October 15, 2021.

FHN Series D

Semi-annual cash dividend of $305.00 per share on FHN’s 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D ("Series D Preferred Stock"). This equates to a cash dividend of $0.7625 per Depositary Share (NYSE:FHN PRD), which each represent a 1/400th interest in a share of the Series D Preferred Stock. The dividend is payable on November 1, 2021 to shareholders of record at the close of business on October 15, 2021.

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 October 12, 2021 to shareholders of record at the close of business on September 24, 2021.

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 October 12, 2021 to shareholders of record at the close of business on September 24, 2021.

First Horizon Bank Class A

Quarterly cash dividend of $9.58333 per share on First Horizon Bank’s Class A Non-Cumulative Perpetual Preferred Stock. The dividend is payable on October 12, 2021 to shareholders of record at the close of business on September 24, 2021.

About First Horizon
First Horizon Corp. (NYSE: FHN), with $87.9 billion in assets as of June 30, 2021, is a leading regional financial services company, dedicated to strengthening the lives of our associates, clients, shareholders, and communities. 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.

FHN-G

CONTACT:	Investor Relations, Ellen Taylor, (901) 523-4450
	Media Relations, Beth Ardoin, (337) 278-6868

FAQ

What is the dividend amount declared by First Horizon Corporation for common stock?

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

When will the dividend be paid to First Horizon shareholders?

The dividend will be payable on October 1, 2021, to shareholders of record by September 10, 2021.

What dividend amounts have been declared for First Horizon's preferred stocks?

First Horizon has declared dividends of $165.00 for Series C, $305.00 for Series D, $1,625.00 for Series E, and $1,175.00 for Series F Preferred Stock.

When are the dividends for the preferred stocks payable?

Dividends for Series C and D are payable on November 1, 2021, and for Series E, F, and Class A on October 12, 2021.