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First Horizon Corporation (NYSE: FHN) is a prominent regional financial services company, headquartered in Memphis, Tennessee. With assets amounting to $81.7 billion as of December 31, 2023, First Horizon operates primarily through its banking subsidiary, First Horizon Bank, serving clients across 12 states in the southern U.S.

The company offers a broad range of financial products and services, catering to various market segments. These include commercial and private banking, consumer and small business banking, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon is committed to empowering its clients, communities, and associates by providing essential capital and counsel to unlock their full potential.

Recently, First Horizon announced the redemption of its 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D, and related depositary shares. The redemption is scheduled for May 1, 2024, at a price of $25.00 per Series D Depositary Share, or $10,000 per share of Series D Preferred Stock. Shareholders will receive their regular semi-annual dividend separately on the same date.

First Horizon has garnered significant recognition in the industry, being named one of the nation's best employers by Fortune and Forbes magazines, as well as a Top 10 Most Reputable U.S. Bank. This reflects the company's dedication to excellence and its strong reputation in the financial sector.

For shareholders and interested parties, more information can be obtained by contacting the redemption agent, Equiniti Trust Company LLC, or visiting the company's official website.

Rhea-AI Summary

Lincoln Financial (NYSE:LNC) has announced a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D. The dividend, which equates to $0.5625 per depositary share for holders of the $25,000 liquidation preference shares, will be paid on December 1, 2024. Shareholders must be on record by November 15, 2024, with an ex-dividend date of November 14, 2024.

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Lincoln Financial Group (NYSE:LNC) has announced dividend declarations for its preferred stock. The board of directors has declared a semi-annual dividend of $1,156.25 per share on the 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, with holders receiving $46.25 per depositary share. Additionally, a quarterly dividend of $562.50 per share was declared on the 9.000% Non-Cumulative Preferred Stock, Series D, with holders receiving $0.5625 per depositary share. Both dividends will be payable on September 1, 2024, to shareholders of record as of August 15, 2024. The ex-dividend date is set for August 14, 2024.

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Lincoln National has declared a quarterly dividend of $562.50 per share on the 's 9.000% Non-Cumulative Preferred Stock, Series D. The dividend will be payable on June 1, 2024, to holders of record on May 15, 2024, with an ex-dividend date of May 14, 2024.

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First Horizon (FHN) announces the redemption of all outstanding shares of its 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D, and related depositary shares on May 1, 2024. The redemption price is set at $25.00 per Series D Depository Share, totaling $10,000 per share of Series D Preferred Stock. Accrued dividends will not be included in the redemption price. The regular Series D semi-annual dividend declared in January will be paid separately on May 1, 2024.
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Lincoln Financial Group (LNC) has declared preferred stock dividends, including a semi-annual dividend of $1,156.25 per share on the corporation’s 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, and a quarterly dividend of $562.50 per share on the corporation’s 9.000% Non-Cumulative Preferred Stock, Series D. The dividends will be payable on March 1, 2024, to holders of record on February 15, 2024.
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Lincoln Financial Group (NYSE:LNC) has declared a quarterly dividend of $562.50 per share on its Non-Cumulative Preferred Stock, Series D. The dividend will be payable on December 1, 2023, to holders of record on November 15, 2023.
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Rhea-AI Summary
Lincoln Financial Group (NYSE:LNC) has declared preferred stock dividends: $1,156.25 per share on the 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, and $562.50 per share on the 9.000% Non-Cumulative Preferred Stock, Series D. Dividends will be payable on September 1, 2023, to shareholders of record on August 15, 2023.
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Lincoln Financial Group (NYSE:LNC) has declared a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D. The dividend will be payable on June 1, 2023, to holders of record on May 15, 2023.
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Lincoln Financial Group (NYSE:LNC) has announced the declaration of preferred stock dividends. A semi-annual dividend of $635.9375 per share will be paid on its 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, with a payment of $25.4375 per depositary share. Additionally, a quarterly dividend of $618.75 per share will be distributed for the 9.000% Non-Cumulative Preferred Stock, Series D, translating to $0.61875 per depositary share (LNC,PRD). These dividends are payable on March 1, 2023, with a record date of February 18, 2023.

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FAQ

What does First Horizon Corporation do?

First Horizon Corporation offers commercial and private banking, consumer and small business banking, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services.

Where is First Horizon Corporation headquartered?

First Horizon Corporation is headquartered in Memphis, Tennessee.

What is the recent news about First Horizon Corporation?

First Horizon recently announced the redemption of its 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D, and related depositary shares, set for May 1, 2024.

How much will shareholders receive for each Series D Depositary Share?

Shareholders will receive $25.00 per Series D Depositary Share.

When will the semi-annual dividend be paid?

The semi-annual dividend will be paid separately on May 1, 2024.

How much in assets does First Horizon Corporation have?

As of December 31, 2023, First Horizon Corporation has $81.7 billion in assets.

What states does First Horizon Bank operate in?

First Horizon Bank operates in 12 states across the southern U.S.

Has First Horizon Corporation received any notable recognition?

Yes, First Horizon has been named one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.

What is the stock symbol for First Horizon Corporation?

The stock symbol for First Horizon Corporation is NYSE: FHN.

How can shareholders get more information about the redemption?

Shareholders can contact Equiniti Trust Company LLC or visit First Horizon's official website for more information.

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