First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
First Horizon Dividend Announcement
• First Horizon announced a quarterly dividend of $0.15 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-13
• First Horizon annual dividend for 2024 was $0.60
• First Horizon annual dividend for 2023 was $0.60
• First Horizon's trailing twelve-month (TTM) dividend yield is 3.74%
• First Horizon's payout ratio for the trailing twelve months (TTM) is 46.78%
• First Horizon's dividend growth over the last five years (2018-2023) was 4.56% year
• First Horizon's dividend growth over the last ten years (2013-2023) was 11.61% year
First Horizon Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.15 | quarterly | 2025-01-02 |
2024-09-13 | $0.15 | quarterly | 2024-10-01 |
2024-06-14 | $0.15 | quarterly | 2024-07-01 |
2024-03-14 | $0.15 | quarterly | 2024-04-01 |
2023-12-14 | $0.15 | quarterly | 2024-01-02 |
2023-09-14 | $0.15 | quarterly | 2023-10-02 |
2023-06-15 | $0.15 | quarterly | 2023-07-03 |
2023-03-16 | $0.15 | quarterly | 2023-04-03 |
2022-12-15 | $0.15 | quarterly | 2023-01-03 |
2022-09-08 | $0.15 | quarterly | 2022-10-03 |
2022-06-09 | $0.15 | quarterly | 2022-07-01 |
2022-03-10 | $0.15 | quarterly | 2022-04-01 |
2021-12-09 | $0.15 | quarterly | 2022-01-03 |
2021-09-09 | $0.15 | quarterly | 2021-10-01 |
2021-06-10 | $0.15 | quarterly | 2021-07-01 |
2021-03-11 | $0.15 | quarterly | 2021-04-01 |
2020-12-10 | $0.15 | quarterly | 2021-01-04 |
2020-09-10 | $0.15 | quarterly | 2020-10-01 |
2020-06-11 | $0.15 | quarterly | 2020-07-01 |
2020-03-12 | $0.15 | quarterly | 2020-04-01 |
2019-12-12 | $0.14 | quarterly | 2020-01-02 |
2019-09-12 | $0.14 | quarterly | 2019-10-01 |
2019-06-13 | $0.14 | quarterly | 2019-07-01 |
2019-03-14 | $0.14 | quarterly | 2019-04-01 |
2018-12-13 | $0.12 | quarterly | 2019-01-02 |
2018-09-06 | $0.12 | quarterly | 2018-10-01 |
2018-06-07 | $0.12 | quarterly | 2018-07-02 |
2018-03-08 | $0.12 | quarterly | 2018-04-02 |
2017-11-02 | $0.09 | quarterly | 2018-01-02 |
2017-09-07 | $0.09 | quarterly | 2017-10-02 |
2017-06-07 | $0.09 | quarterly | 2017-07-03 |
2017-03-08 | $0.09 | quarterly | 2017-04-03 |
2016-12-07 | $0.07 | quarterly | 2017-01-03 |
2016-09-07 | $0.07 | quarterly | 2016-10-03 |
2016-06-08 | $0.07 | quarterly | 2016-07-01 |
2016-03-09 | $0.07 | quarterly | 2016-04-01 |
2015-12-09 | $0.06 | quarterly | 2016-01-04 |
2015-09-09 | $0.06 | quarterly | 2015-10-01 |
2015-06-10 | $0.06 | quarterly | 2015-07-01 |
2015-03-11 | $0.06 | quarterly | 2015-04-01 |
2014-12-10 | $0.05 | quarterly | 2015-01-01 |
2014-09-10 | $0.05 | quarterly | 2014-10-01 |
2014-06-11 | $0.05 | quarterly | 2014-07-01 |
2014-03-12 | $0.05 | quarterly | 2014-04-01 |
2013-12-11 | $0.05 | quarterly | 2014-01-01 |
2013-09-11 | $0.05 | quarterly | 2013-10-01 |
2013-06-12 | $0.05 | quarterly | 2013-07-01 |
2013-03-13 | $0.05 | quarterly | 2013-04-01 |
First Horizon Dividend per year
First Horizon Dividend growth
First Horizon Dividend Yield
First Horizon current trailing twelve-month (TTM) dividend yield is 3.74%. Interested in purchasing First Horizon stock? Use our calculator to estimate your expected dividend yield:
First Horizon Financial Ratios
First Horizon Dividend FAQ
Other factors to consider when evaluating First Horizon as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Horizon's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Horizon publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Horizon distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Horizon are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Horizon sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Horizon distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Horizon declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Horizon's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Horizon's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.