First Horizon Declares Quarterly Dividends – Increases Common Dividend by 17%
January 26 2016 - 4:10PM
First Horizon National Corp.'s (NYSE:FHN) board of directors has
approved payment of a quarterly cash dividend on its common stock
of $0.07 per share. The dividend is payable on April 1, 2016, to
the common shareholders of record on March 11, 2016. This
represents a 17% increase over the $0.06 per share quarterly cash
dividend paid for the previous year and raises the regular annual
common dividend rate from $0.24 per share to $0.28 per share.
The board of directors has also approved payment of a quarterly
cash dividend of $1,550.00 per share on FHN's Non-Cumulative
Perpetual Preferred Stock, Series A ("Series A Preferred Stock").
This equates to a cash dividend of $0.387500 per Depositary Share
(NYSE:FHN PrA), which each represent a 1/4000th interest in a share
of the Series A Preferred Stock. The dividend is payable on April
11, 2016, to shareholders of record on March 24, 2016.
About First Horizon
The 4,300 employees of First Horizon National Corp. (NYSE:FHN)
provide financial services through more than 175 bank locations
across Tennessee and the southern U.S. and 29 FTN Financial offices
across the U.S. The company was founded during the Civil War in
1864 and has the 14th oldest national bank charter in the country.
First Tennessee has the largest deposit market share in Tennessee
and one of the highest customer retention rates of any bank in the
country. FTN Financial is a capital markets industry leader
in fixed income sales, trading and strategies for institutional
customers in the U.S. and abroad. First Horizon has been recognized
as one of the nation's best employers by Forbes, Working Mother and
American Banker magazines. More information is available at
www.FirstHorizon.com.
FHN-G
CONTACT:
First Horizon Investor Relations, Aarti Bowman, (901) 523-4017
First Horizon Media Relations, Jack Bradley, (901) 523-4813
First Horizon (NYSE:FHN)
Historical Stock Chart
From Mar 2024 to Apr 2024
First Horizon (NYSE:FHN)
Historical Stock Chart
From Apr 2023 to Apr 2024