First Horizon Declares Cash Dividends on Common and Preferred Stock

Rhea-AI Summary

First Horizon National Corp. (NYSE:FHN) has declared a quarterly cash dividend of $0.15 per share on its common stock, payable January 4, 2021, to shareholders of record on December 11, 2020. The board also approved dividends for four classes of preferred stock, including $1,550.00 per share for Series A, $331.25 for Series B, $165.00 for Series C, and $1,625.00 for Series E, all with various payment dates in early 2021. First Horizon, based in Memphis, TN, manages $83 billion in assets across nearly 500 locations.

Positive

• Quarterly cash dividend of $0.15 per share on common stock.
• Significant dividends approved for multiple preferred stock series.
• First Horizon manages $83 billion in assets, indicating strong financial standing.

Negative

• None.

MEMPHIS, Tenn., Oct. 27, 2020 (GLOBE NEWSWIRE) -- First Horizon National Corp.'s (NYSE:FHN) board of directors has approved payment of a quarterly cash dividend on its common stock of $0.15 per share. The dividend is payable January 4, 2021 to the common shareholders of record on December 11, 2020.

The board also approved payment of cash dividends on First Horizon’s Series A, Series B, Series C and Series E Preferred Stock as described in the following paragraphs.

The board approved payment of the quarterly cash dividend of $1,550.00 per share on First Horizon’s Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock"). This equates to a cash dividend of $0.387500 per Depositary Share (NYSE:FHN PRA), which each represent a 1/4,000th interest in a share of the Series A Preferred Stock. The dividend is payable January 11, 2021 to shareholders of record on December 24, 2020.

The board approved payment of the semi-annual cash dividend of $331.25 per share on First Horizon’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 February 1, 2021 to shareholders of record on January 15, 2021.

The board approved payment of the quarterly cash dividend of $165.00 per share on First Horizon’s 6.60% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series C ("Series C Preferred Stock"). This equates to a cash dividend of $0.412500 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 February 1, 2021 to shareholders of record on January 15, 2021.

The board approved payment of the quarterly cash dividend of $1,625.00 per share on First Horizon’s Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"). This equates to a cash dividend of $0.406250 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 January 11, 2021 to shareholders of record on December 24, 2020.

About First Horizon
First Horizon National Corp. (NYSE:FHN), with $83 billion in assets, 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 nearly 500 bank locations in 12 states across the Southeast. With more than 288 years of combined First Horizon Bank and IBERIABANK financial experience, 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 is 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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CONTACT:		Investor Relations, Ellen Taylor, (901) 523-4450
		Investor Relations, Aarti Bowman, (901) 523-4017
		Media Relations, Beth Ardoin, (337) 278-6868

FAQ

What is the amount of the quarterly cash dividend for First Horizon (FHN)?

The quarterly cash dividend for First Horizon is $0.15 per share.

When is the dividend payable for First Horizon's common stock?

The dividend is payable on January 4, 2021.

What are the payment dates for First Horizon's preferred stock dividends?

Preferred stock dividends are payable on various dates, including January 11 and February 1, 2021.

What is the amount of the Series B preferred stock dividend for First Horizon?

The Series B preferred stock dividend is $331.25 per share.

How much dividend does the Series C preferred stock pay?

The Series C preferred stock pays a dividend of $165.00 per share.