First Horizon Declares Cash Dividends Across Stocks
First Horizon Corporation (NYSE: FHN) recently made headlines with the declaration of a quarterly cash dividend of $0.15 per share on its common stock. This decision, which reflects the company's confidence in sustaining shareholder returns, shows a commitment to maximizing shareholder value.
Preferred Stock Dividend Details
In addition to the common stock dividend, First Horizon announced cash dividends on its preferred stock categories. Let's delve into the specifics of the preferred dividends that the company declared.
FHN Series C
The quarterly cash dividend for FHN's Series C Preferred Stock stands at $165.00 per share. This translates to a cash dividend of $0.4125 per Depositary Share. Shareholders can expect to receive this dividend on May 1, 2025, for those holding shares as of April 16, 2025.
FHN Series E
Similarly, FHN's Series E Preferred Stock will yield a quarterly cash dividend of $1,625.00 per share, equating to $0.40625 per Depositary Share. This dividend is scheduled for payment on April 10, 2025, to shareholders recorded by March 26, 2025.
FHN Series F
The Series F Preferred Stock will pay a quarterly cash dividend of $1,175.00 per share. For Depositary Shares, this amounts to $0.29375. Shareholders will receive this dividend on April 10, 2025, as long as they are recorded by March 26, 2025.
Class A Non-Cumulative Perpetual Preferred Stock
First Horizon Bank will also distribute a quarterly cash dividend of $13.50160 per share for its Class A Non-Cumulative Perpetual Preferred Stock. This payment will similarly be made on April 10, 2025, to shareholders of record on March 26, 2025.
Company Overview
First Horizon Corporation, with a substantial $82.2 billion in assets, has established itself as a prominent regional financial services firm. The company is dedicated to aiding clients, communities, and associates in achieving their potential through comprehensive capital and advisory services.
Operational Reach
Headquartered in Memphis, TN, First Horizon Bank serves a broad footprint across 12 states situated in the southern U.S. The extensive financial services offered by the company include commercial banking, private banking, consumer services, small business solutions, wealth and trust management, retail brokerage, capital markets activities, fixed income services, and mortgage banking solutions.
Recognition and Reputation
First Horizon has garnered significant recognition, having been named one of the best employers in the nation by reputable publications such as Fortune and Forbes. It is also noted for being among the Top 10 Most Reputable Banks in the U.S., highlighting its commitment to quality service and community engagement.
Frequently Asked Questions
What is the cash dividend amount declared for common stock?
The declared cash dividend for common stock is $0.15 per share.
When will the common stock dividend be paid?
The common stock dividend is scheduled to be paid on April 1, 2025.
What are the dividend amounts for the Series C Preferred Stock?
The Series C Preferred Stock will provide a dividend of $165.00 per share.
When can shareholders expect to receive the Series E Preferred Stock dividend?
Shareholders can expect the Series E Preferred Stock dividend on April 10, 2025.
What financial services does First Horizon offer?
First Horizon offers a variety of services, including commercial banking, wealth management, and mortgage banking.
