MEMPHIS,
Tenn., April 23, 2024 /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 July 1, 2024
to shareholders of record at the close of business on June 14, 2024.
Preferred Dividend Information
Cash dividends were also declared on the Company's Series B,
Series C, Series E and Series F Preferred Stock, and on First
Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as
follows:
FHN Series B
Semi-annual cash dividend of $331.25 per share on FHN'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 on August 1, 2024 to shareholders of record at the
close of business on July 17,
2024.
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 August 1, 2024
to shareholders of record at the close of business on July 17, 2024.
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 July 10, 2024 to shareholders of record at the
close of business on June 25,
2024.
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 July 10, 2024 to shareholders of record at the
close of business on June 25,
2024.
First Horizon Bank Class A
Quarterly cash dividend of $16.20012 per share on First Horizon Bank's Class
A Non-Cumulative Perpetual Preferred Stock. The dividend is payable
on July 10, 2024 to shareholders of
record at the close of business on June 25,
2024.
About First Horizon
First Horizon Corp. (NYSE: FHN),
with $81.8 billion in assets as of
March 31, 2024, 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, and mortgage banking 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
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SOURCE First Horizon Corporation