First Horizon Boosts Dividend Payments for Stakeholders
First Horizon Corporation (NYSE: FHN) recently announced a significant update for its shareholders, revealing an increase in cash dividends on both common and preferred stocks. This news, shared from Memphis, TN, highlights the company's ongoing commitment to enhancing shareholder value and acknowledges the strong performance of its diversified business model.
The board of directors declared a quarterly cash dividend of $0.17 per share on its common stock, demonstrating a 13% increase—up $0.02 from the previous amount. This dividend is set to be paid on April 1, 2026, to all shareholders recorded by the close of business on March 13, 2026. This raise in dividends is not merely a numerical increment but reflects the robust position of First Horizon and a testament to their business strategies that have yielded remarkable results over the past year.
Benefits of Dividend Increases
Bryan Jordan, the Chairman, President, and CEO of First Horizon, expressed pride in the dividend increase, indicating that after returning over $1.2 billion to shareholders in the past year, the company remains committed to delivering value through consistent growth, strategic share buybacks, and steady dividends. Jordan's message portrays confidence in the company’s performance, which is aimed at achieving over 15% Return on Tangible Common Equity (ROTCE) in the medium term.
Details on Preferred Stock Dividends
In addition to the common stock dividends, First Horizon also announced cash dividends for several series of its preferred stock. For instance, the Series C Preferred Stock will see a quarterly cash dividend of $165.00 per share. This translates to a cash dividend of $0.4125 per Depositary Share, payable on May 1, 2026, to shareholders recorded by April 16, 2026.
Moreover, the Series E Preferred Stock will offer a $1,625.00 quarterly dividend per share, equating to $0.40625 per Depositary Share, which is payable on April 10, 2026, to shareholders of record by March 26, 2026. Lastly, holders of the Series F Preferred Stock can expect a cash dividend of $1,175.00 per share, amounting to $0.29375 per Depositary Share, also payable on April 10, 2026, under the same conditions.
Commitment to Shareholders
Another noteworthy mention includes First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, which will distribute a quarterly cash dividend of $11.63871 per share on April 10, 2026. This ongoing dedication to distributing dividends reinforces First Horizon's overall mission of supporting shareholders and increasing investor trust.
First Horizon has positioned itself as a leading regional financial services company, managing assets worth approximately $83.9 billion. Their operational strategy emphasizes empowering clients and communities with financial solutions tailored to unlock potential with capital and sound counsel. This strategy improves customer experience while also enhancing the overall reputation of First Horizon within the financial sector.
Headquartered in Memphis, TN, First Horizon serves a multitude of regions across the southern United States. Their extensive suite of offerings includes commercial, private banking, consumer and small business banking, trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. This diverse portfolio not only promotes growth but also strengthens the company's market position amidst fluctuating economic conditions.
Recognized for excellence, First Horizon has been acknowledged by prominent magazines as one of the top employers in the nation, highlighting their commitment to creating a positive work environment while also being named a Top 10 Most Reputable U.S. Bank. This recognition reflects their focus on ethics, transparency, and dedication to customer satisfaction.
Frequently Asked Questions
What is the new dividend per share for common stock at First Horizon?
The new dividend per share for common stock is $0.17.
When will the dividends be payable?
The dividend for common stock will be payable on April 1, 2026.
What is the amount of the preferred stock dividends?
The dividends for preferred stock vary; for the Series C, it’s $165.00 per share, and the Series E is $1,625.00 per share.
How does First Horizon support its shareholders?
First Horizon supports its shareholders through regular cash dividends, share buybacks, and strategic growth initiatives.
What services does First Horizon provide?
First Horizon offers a range of services including commercial banking, private banking, consumer banking, wealth management, and mortgage services.
