Quarterly Cash Dividends Declared by First Horizon
First Horizon Corporation (NYSE: FHN), a prominent player in regional financial services, has made an important announcement regarding cash dividends. The company's board of directors has declared a quarterly cash dividend of $0.15 per share on FHN's common stock, reflecting its continued commitment to returning value to shareholders. This dividend is set to be paid to shareholders of record on the specified date.
Preferred Stock Dividend Details
In addition to the common stock dividend, First Horizon is providing dividends on its various series of preferred stock. This includes significant distributions for its Series C, Series E, and Series F Preferred Stocks, alongside First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock.
Dividend on FHN Series C
The Series C Preferred Stock will offer a quarterly cash dividend of $165.00 per share, equating to $0.4125 per Depositary Share. This demonstrates robust financial management and commitment to benefiting shareholders. Payments are scheduled for the upcoming months, ensuring that holders remain rewarded for their investments.
FHN Series E Dividend Distribution
For Series E Preferred Stock, the declared dividend stands at $1,625.00 per share, aligning with the company’s overall strategy of sustainable growth and shareholder returns. Each Depositary Share represents a fractional interest in this preferred structure, showing a comprehensive approach to catering to diverse investor needs.
FHN Series F Dividend Announcement
The Series F Preferred Stock will see a quarterly cash dividend of $1,175.00 per share or $0.29375 per Depositary Share. These dividends underpin First Horizon’s financial stability and strategic focus in the market, ensuring that preferred stockholders benefit from the ongoing success of the company.
First Horizon Bank Class A Dividend
Additionally, First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock will see a cash dividend of $13.90245 per share, payable at the close of business on the designated record dates. This consistent payout reflects sound fiscal practices and a recognition of the bank's long-term objectives.
About First Horizon Corporation
First Horizon Corporation (NYSE: FHN), with impressive assets totaling $82.1 billion, positions itself as a regional financial leader. The company aims to empower clients, communities, and employees with the resources they need for growth and success. With a strong presence in the southern United States through First Horizon Bank, the corporation offers a wide array of financial services, including commercial banking, wealth management, and mortgage solutions.
First Horizon has also garnered accolades for being one of the best places to work, as recognized by major publications. This operational success not only enhances its reputation but also solidifies its market position as a trusted and reputable bank.
Frequently Asked Questions
What is the declared cash dividend for common stock?
First Horizon has announced a quarterly cash dividend of $0.15 per share on its common stock.
When will the dividends on preferred stock be paid?
The dividends on preferred stock are scheduled for specific payment dates, depending on the series, with details provided in the announcements.
What is First Horizon's approach to shareholder returns?
First Horizon actively focuses on returning value to its shareholders through consistent dividends on both common and preferred stocks.
What services does First Horizon offer?
The company provides a range of financial services including banking, wealth and trust management, and mortgage banking.
How does First Horizon rank among U.S. banks?
First Horizon is recognized as a top U.S. bank, earning accolades for employer reputation and service quality.
