MEMPHIS,
Tenn., Oct. 24, 2023 /PRNewswire/ -- First
Horizon Corporation (NYSE: FHN) (or the "Company") today announced
that its board of directors has declared a quarterly common stock
dividend of $0.15 per share. The
dividend is payable on January 2,
2024 to shareholders of record at the close of business on
December 15, 2023.
Preferred Dividend Information
Cash dividends were also declared on the Company's Series B,
Series C, Series E and Series F Preferred Stock, and on First
Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as
follows:
FHN Series B
Semi-annual cash dividend of $331.25 per share on FHN's 6.625% Fixed to
Floating Non-Cumulative Perpetual Preferred Stock, Series B
("Series B Preferred Stock"). This equates to a cash dividend of
$0.828125 per Depositary Share (NYSE:
FHN PRB), which each represent a 1/400th interest in a share of the
Series B Preferred Stock. The dividend is payable on February 1, 2024 to shareholders of record at the
close of business on January 17,
2024.
FHN Series C
Quarterly cash dividend of $165.00
per share on FHN's 6.60% Fixed to Floating Non-Cumulative Perpetual
Preferred Stock, Series C ("Series C Preferred Stock"). This
equates to a cash dividend of $0.4125
per Depositary Share (NYSE: FHN PRC), which each represent a
1/400th interest in a share of the Series C Preferred Stock. The
dividend is payable on February 1,
2024 to shareholders of record at the close of business on
January 17, 2024.
FHN Series E
Quarterly cash dividend of $1,625.00 per share on FHN's 6.50% Non-Cumulative
Perpetual Preferred Stock, Series E ("Series E Preferred Stock").
This equates to a cash dividend of $0.40625 per Depositary Share (NYSE: FHN PRE),
which each represent a 1/4,000th interest in a share of the Series
E Preferred Stock. The dividend is payable on January 10, 2024 to shareholders of record at the
close of business on December 26,
2023.
FHN Series F
Quarterly cash dividend of $1,175.00 per share on FHN's 4.70% Non-Cumulative
Perpetual Preferred Stock, Series F ("Series F Preferred Stock").
This equates to a cash dividend of $0.29375 per Depositary Share (NYSE: FHN PRF),
which each represent a 1/4,000th interest in a share of the Series
F Preferred Stock. The dividend is payable on January 10, 2024 to shareholders of record at the
close of business on December 26,
2023.
First Horizon Bank Class A
Quarterly cash dividend of $16.65663 per share on First Horizon Bank's Class
A Non-Cumulative Perpetual Preferred Stock. The dividend is payable
on January 10, 2024 to shareholders
of record at the close of business on December 26, 2023.
About First Horizon
First Horizon Corp. (NYSE: FHN),
with $82.5 billion in assets as of
September 30, 2023, is a leading
regional financial services company, dedicated to helping our
clients, communities and associates unlock their full potential
with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First
Horizon Bank operates in 12 states across the southern U.S. The
Company and its subsidiaries offer commercial, private banking,
consumer, small business, wealth and trust management, retail
brokerage, capital markets, fixed income, and mortgage banking
services. First Horizon has been recognized as one of the nation's
best employers by Fortune and Forbes magazines and a Top 10 Most
Reputable U.S. Bank. More information is available at
www.FirstHorizon.com.
FHN-G
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SOURCE First Horizon Corporation