First Horizon National (FHN) Raises Quarterly Dividend 33.3% to $0.12, 2.4% Yield; Board Approves $250M Repurchase Program

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Go back to First Horizon National (FHN) Raises Quarterly Dividend 33.3% to $0.12, 2.4% Yield; Board Approves $250M Repurchase Program

First Horizon Increases Common Dividend 33 Percent, Replaces Share Purchase Program

January 23, 2018 4:30 PM EST

MEMPHIS, Tenn., Jan. 23, 2018 (GLOBE NEWSWIRE) -- First Horizon National Corp.'s (NYSE: FHN) is increasing its quarterly cash dividend on common stock by 33 percent. First Horizons board of directors has approved payment of a quarterly cash dividend on its common stock of $0.12 per share payable on April 2, 2018 to the common shareholders of record on March 9, 2018. The per-share quarterly cash dividend in 2017 was $0.09 so the increase raises the regular annual common dividend rate from $0.36 per share to $0.48 per share.

The board of directors has also approved payment of a quarterly cash dividend of... More