First Horizon Declares Cash Dividends on Common and Preferred Stock

Rhea-AI Summary

First Horizon Corporation (NYSE: FHN) announced a quarterly cash dividend of $0.15 per share for common stock, payable on October 3, 2022, to shareholders of record by September 9, 2022. Additionally, preferred stock dividends were declared for Series C, D, E, and F, with payments ranging from $0.29375 to $0.4125 per Depositary Share, payable on October 11, 2022 and November 1, 2022. The company reported $85.1 billion in assets as of June 30, 2022.

Positive

• Quarterly dividend of $0.15 per share indicates company confidence.
• Strong asset base of $85.1 billion enhances financial stability.

Negative

• None.

MEMPHIS, Tenn., July 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 October 3, 2022 to shareholders of record at the close of business on September 9, 2022.

Preferred Dividend Information

Cash dividends were also declared 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, 2022 to shareholders of record at the close of business on October 17, 2022.

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, 2022 to shareholders of record at the close of business on October 17, 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 October 11, 2022 to shareholders of record at the close of business on September 23, 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 October 11, 2022 to shareholders of record at the close of business on September 23, 2022.

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 11, 2022 to shareholders of record at the close of business on September 23, 2022.

About First Horizon 

First Horizon Corp. (NYSE: FHN), with $85.1 billion in assets as of June 30, 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.

FHN-G

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

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SOURCE First Horizon Corporation

FAQ

What is the dividend amount declared by First Horizon Corporation?

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

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

The dividend is payable on October 3, 2022, to shareholders of record by September 9, 2022.

What are the preferred stock dividends declared by First Horizon Corporation?

Dividends on preferred stocks range from $0.29375 to $0.4125 per Depositary Share, payable on October 11, 2022, and November 1, 2022.

What is the asset size of First Horizon Corporation as of June 30, 2022?

As of June 30, 2022, First Horizon Corporation reported $85.1 billion in assets.