First Horizon Declares Cash Dividends on Common and Preferred Stock

Rhea-AI Summary

First Horizon Corporation (NYSE: FHN) has declared a quarterly cash dividend of $0.15 per share on common stock, payable July 1, 2021. Shareholders must be on record by June 11, 2021. Additionally, the Company announced preferred stock dividends, including $1,550.00 per share on Series A and $331.25 per share on Series B, both payable on August 2, 2021. Series C and Series E preferred stocks also have dividends scheduled, supporting the income for shareholders and reflecting corporate confidence.

Positive

• Quarterly cash dividend of $0.15 per share scheduled for July 1, 2021, indicating strong income support for shareholders.
• Preferred stock dividends approved, underscoring company confidence in financial stability.
• Recognition as a leading regional financial services company with $84 billion in assets enhances investor trust.

Negative

• None.

MEMPHIS, Tenn., April 27, 2021 (GLOBE NEWSWIRE) -- First Horizon Corporation (NYSE: FHN or the “Company”) today announced that its board of directors has declared a quarterly cash dividend on the Company’s common stock of $0.15 per share. The dividend is payable on July 1, 2021 to shareholders of record at the close of business on June 11, 2021.

Preferred Dividend Information

The board also approved payment of cash dividends on the Company’s Series A, Series B, Series C and Series E Preferred Stock:

The board approved payment of the quarterly cash dividend of $1,550.00 per share on FHN’s Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock"). This equates to a cash dividend of $0.3875 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 on July 12, 2021 to shareholders of record at the close of business on June 25, 2021.

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 August 2, 2021 to shareholders of record at the close of business on July 16, 2021.

The board approved payment of the 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 2, 2021 to shareholders of record at the close of business on July 16, 2021.

The board approved payment of the quarterly cash dividend of $1,625.00 per share on FHN’s 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 12, 2021 to shareholders of record at the close of business on June 25, 2021.

The board of directors of First Horizon Bank, FHN’s primary subsidiary, approved payment of the 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 12, 2021 to shareholders of record at the close of business on June 25, 2021.

About First Horizon
First Horizon Corp. (NYSE: FHN), with $84 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 in 12 states across the Southeast. 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

FHN-G

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

FAQ

What is First Horizon's quarterly cash dividend amount for 2021?

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

When will the dividend be paid for First Horizon Corporation?

The cash dividend will be payable on July 1, 2021, to shareholders of record by June 11, 2021.

What are the preferred stock dividend amounts for First Horizon?

Dividends for preferred stocks include $1,550.00 for Series A, $331.25 for Series B, $165.00 for Series C, and $1,625.00 for Series E, with various payment dates.

When will the preferred stock dividends be paid?

Preferred stock dividends are payable on July 12, 2021, and August 2, 2021, for respective series.