First Horizon Declares Cash Dividends On Common And Preferred Stock

Tuesday, July 28, 2020
First Horizon National Corp.'s board of directors has approved payment of a quarterly cash dividend on its common stock of $0.15 per share. The dividend is payable Oct. 1 to the common shareholders of record on September 11, 2020.

The board also approved payment of cash dividends on First Horizon’s Series A, Series C, Series D and Series E Preferred Stock as described in the following paragraphs.

The board approved payment of the quarterly cash dividend of $1,550 per share on First Horizon’s Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock").
This equates to a cash dividend of $0.387500 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 Oct. 13 to shareholders of record on Sept. 28, .

The board approved payment of the quarterly cash dividend of $165 per share on First Horizon’s 6.60 percent Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series C ("Series C Preferred Stock"). This equates to a cash dividend of $0.412500 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 Nov. 2 to shareholders of record on Oct. 16.

The board approved payment of the semi-annual cash dividend of $305 per share on First Horizon’s 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D ("Series D Preferred Stock"). This equates to a cash dividend of $0.762500 per Depositary Share (NYSE:FHN PRD), which each represent a 1/400th interest in a share of the Series D Preferred Stock. The dividend is payable Nov. 2 to shareholders of record on Oct. 16.

The board approved payment of the quarterly cash dividend of $2,383.332 per share on First Horizon’s Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"). This equates to a cash dividend of $0.595833 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 Oct. 13 to shareholders of record on Sept. 28 and covers the first dividend period that began on May 28.

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