First Horizon Declares Cash Dividends on Common and Preferred Stock
April 27 2021 - 4:15PM
First Horizon Corporation (NYSE: FHN or the “Company”) today
announced that its board of directors has declared a quarterly cash
dividend on the Company’s common stock of $0.15 per share. The
dividend is payable on July 1, 2021 to shareholders of record at
the close of business on June 11, 2021.
Preferred Dividend
Information
The board also approved payment of cash
dividends on the Company’s Series A, Series B, Series C and Series
E Preferred Stock:
The board approved
payment of the 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 $0.3875 per
Depositary Share (NYSE: FHN PRA), which each represent a 1/4,000th
interest in a share of the Series A Preferred Stock. The dividend
is payable on July 12, 2021 to shareholders of record at the close
of business on June 25, 2021.
The board approved
payment of the semi-annual cash dividend of $331.25 per share on
First Horizon’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 August 2,
2021 to shareholders of record at the close of business on July 16,
2021.
The board approved
payment of the 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 August 2, 2021 to
shareholders of record at the close of business on July 16,
2021.
The board approved
payment of the quarterly cash dividend of $1,625.00 per share on
FHN’s 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 July 12, 2021 to shareholders of record at the close
of business on June 25, 2021.
The board of directors of First Horizon Bank,
FHN’s primary subsidiary, approved payment of the quarterly cash
dividend of $9.47917 per share on First Horizon Bank’s Class A
Non-Cumulative Perpetual Preferred Stock. The dividend is payable
on July 12, 2021 to shareholders of record at the close of business
on June 25, 2021.
About First Horizon First
Horizon Corp. (NYSE: FHN), with $84 billion in assets, is a leading
regional financial services company, dedicated to strengthening the
lives of our associates, clients, shareholders, and communities.
Headquartered in Memphis, TN, the banking subsidiary First Horizon
Bank operates in 12 states across the Southeast. The Company and
its subsidiaries offer commercial, private banking, consumer, small
business, wealth and trust management, retail brokerage, capital
markets, fixed income, mortgage, and title insurance services.
First Horizon is 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
CONTACT: |
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Investor
Relations, Ellen Taylor, (901) 523-4450 |
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Media Relations, Beth Ardoin, (337) 278-6868 |
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