First Horizon National (FHN) Boosts Buyback to $200M; Approves Dividend

April 19, 2012 6:56 AM EDT
First Horizon National Corp. (NYSE: FHN) continues to strategically return capital to shareholders, announcing a quarterly dividend and an increase in its stock buyback program. First Horizon is increasing its stock buyback program to $200 million and extending through January 2013 the timeframe to repurchase its common stock in the open market or in privately negotiated transactions, subject to market conditions. The company's board of directors also approved payment of a $.01 per share quarterly cash dividend on its common stock. The dividend is payable on July 1 to the common shareholders of record on June 15.

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