First Horizon Increases Common Dividend 29 Percent
January 24 2017 - 3:15PM
First Horizon National Corp. (NYSE:FHN) is increasing its quarterly
cash dividend on common stock by 29 percent. First Horizon’s board
of directors approved payment of a quarterly cash dividend on its
common stock of $0.09 per share payable April 3 to common
shareholders of record on March 10. The per-share quarterly cash
dividend in 2016 was $0.07. The 29 percent increase raises the
regular annual common dividend rate from $0.28 per share to $0.36
per share.
The board also approved payment of a quarterly cash dividend of
$1,550.00 per share on First Horizon’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 April 10
to shareholders of record on March 24.
About First HorizonThe 4,300 employees of First
Horizon National Corp. (NYSE:FHN) provide financial services
through more than 160 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 Working Mother and American Banker. More
information is available at www.FirstHorizon.com.
FHN-G
CONTACT:
First Horizon Investor Relations, Aarti Bowman, (901) 523-4017
First Horizon Media Relations, James Dowd, (901) 523-4305
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