First Horizon Declares Cash Dividends for Investors
First Horizon Corporation (NYSE: FHN) recently took a notable step of declaring quarterly cash dividends on its common stock. The board of directors has approved a dividend of $0.15 per share, which is set to benefit shareholders who are on record prior to its payment date. Such initiatives are indicative of the company's ongoing commitment to maximizing shareholder value.
Overview of Recent Developments
The quarterly dividend payment is scheduled to be made on a specified date to those holding shares as of a particular cutoff. This decision aligns with First Horizon's strategic objective of maintaining regular dividend payments.
Preferred Stock Dividend Announcements
In addition to the common stock dividend, First Horizon has also declared significant cash dividends on several series of its preferred stock. This includes the Series B, Series C, Series E, and Series F Preferred Stock, providing an attractive investment opportunity for shareholders seeking additional returns.
Details on Series B Preferred Stock
For the Series B Preferred Stock, a semi-annual cash dividend of $331.25 per share has been declared. This results in a cash dividend of approximately $0.828125 per Depositary Share. Shareholders can look forward to this payment on a set date, reinforcing the company’s steady income generation strategy.
Information on Other Preferred Stocks
FHN's Series C will see a quarterly cash dividend of $165.00 per share, translating to about $0.4125 per Depositary Share. Likewise, the Series E Preferred Stock will have a quarterly dividend of $1,625.00 per share, equating to around $0.40625 per Depositary Share. Lastly, a cash dividend of $1,175.00 has been declared for the Series F Preferred Stock, offering $0.29375 per Depositary Share.
First Horizon Bank Class A Dividend
Among other distributions, the Class A Non-Cumulative Perpetual Preferred Stock of First Horizon Bank will also witness a quarterly cash dividend. This initiative aims to solidify the institution's reputation for delivering on its commitments to stakeholders.
About First Horizon
First Horizon Corporation (NYSE: FHN) is a key player in the regional banking sector, boasting assets amounting to $81.5 billion. Known for its specialized services across areas like commercial banking, consumer finance, and wealth management, the company prioritizes assisting clients and communities. The company operates with a vision to empower customers through effective counsel and capital solutions while maintaining a robust market presence across multiple states.
As a dedicated organization in the financial landscape, First Horizon upholds its values and commitment to excellence, as evidenced by its recognitions from respected publications listing it among top employers and banks nationally. The firm continuously strives to enhance its services and expand its reach within the financial community.
Frequently Asked Questions
What is the declared dividend for First Horizon common stock?
The board of directors has declared a quarterly cash dividend of $0.15 per share for shareholders of First Horizon's common stock.
When will the preferred stock dividends be payable?
The dividends for the preferred stocks will be payable on specified dates after shareholders have been recorded about two weeks prior to payment.
Which series of preferred stock are included in the dividend declaration?
The dividends cover Series B, Series C, Series E, and Series F Preferred Stock, along with First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock.
How does First Horizon support its shareholders?
First Horizon maintains a solid commitment to its shareholders by consistently declaring dividends, thereby enhancing shareholder value and providing steady income.
Where can I find more information about First Horizon?
For additional details on First Horizon Corporation, the company’s official website offers extensive resources about its services, financials, and corporate initiatives.
