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First Horizon Corporation Announces New Cash Dividends

On January 28, 2025, First Horizon Corporation (Stock symbol: FHN) made headlines by declaring a quarterly cash dividend of $0.15 per share on its common stock. This announcement came from the company's board of directors, marking a strategic move to reward its shareholders. The dividend is set to be payable on April 1, 2025, to all shareholders who are on the record at the close of business on March 14, 2025.

Details of Preferred Stock Dividends

In addition to the common stock dividends, the company also revealed dividends for its preferred stock categories. Here are the specifics:

• - FHN Series C Preferred Stock: A quarterly cash dividend of $165.00 per share is announced for the Series C, which has a 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock designation. This equates to $0.4125 per Depositary Share (NYSE FHN PRC). The payment is scheduled for May 1, 2025, with a record date of April 16, 2025.

• - FHN Series E Preferred Stock: For the Series E, a quarterly dividend of $1,625.00 per share has been declared, amounting to $0.40625 per Depositary Share (NYSE FHN PRE). This dividend payment is set for April 10, 2025, for those recorded by March 26, 2025.

• - FHN Series F Preferred Stock: This series will see a quarterly dividend of $1,175.00 per share, translating to $0.29375 per Depositary Share (NYSE FHN PRF). The payout is also slated for April 10, 2025, with the same record date of March 26, 2025.

• - First Horizon Bank Class A: Finally, shareholders can expect a quarterly cash dividend of $13.50160 per share on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, payable on April 10, 2025, with an identical record date as the other preferred stocks.

Committed to Shareholder Value

First Horizon Corporation's commitment to providing dividends reflects its strong financial performance and a strategy focused on shareholder value maximization. With total assets amounting to $82.2 billion as of December 31, 2024, First Horizon is recognized as a leading regional financial services provider. The corporation, headquartered in Memphis, Tennessee, operates through its banking subsidiary across twelve states in the southern U.S., offering a broad range of services including commercial and private banking, consumer finance, and wealth and trust management.

The announcement of these dividends plays a crucial role in how First Horizon engages with its investors, as they are designed to return profits back to shareholders. Such dividends also indicate the company’s confidence in its future earnings potential and commitment to maintaining a positive relationship with its investor community.

Recognition and Reputation

Drawing on accolades from reputable sources, First Horizon has been designated as one of the best employers by Fortune and Forbes magazines, and ranks among the top ten most reputable banks in the United States. This positive appraisal is instrumental in fostering investor confidence and paving the way for continuous growth.

By promoting transparency and regular communication, First Horizon strives to enhance stakeholder trust and support. As the company continues its efforts to optimize growth and maintain stability in the financial sector, these announced dividends are expected to further strengthen its reputation in the market.

For further updates regarding First Horizon Corporation and its financial offerings, visit their official site at FirstHorizon.com.