First Horizon Corp’s 6.60% Preferred Stock Series C Goes Ex-Dividend Soon
On 1/17/25, First Horizon Corp’s 6.60% Dep Shares Fix/Float Non-Cumul Pfd Stock Ser C (Symbol: FHN.PRC) will trade ex-dividend, for its quarterly dividend of $0.4125, payable on 2/3/25. As a percentage of FHN.PRC’s recent share price of $25.37, this dividend works out to approximately 1.63%, so look for shares of FHN.PRC to trade 1.63% lower — all else being equal — when FHN.PRC shares open for trading on 1/17/25. On an annualized basis, the current yield is approximately 6.53%, which compares to an average yield of 6.66% in the “Financial” preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of FHN.PRC shares, versus FHN:
Below is a dividend history chart for FHN.PRC, showing historical dividends prior to the most recent $0.4125 on First Horizon Corp’s 6.60% Dep Shares Fix/Float Non-Cumul Pfd Stock Ser C:
In Wednesday trading, First Horizon Corp’s 6.60% Dep Shares Fix/Float Non-Cumul Pfd Stock Ser C (Symbol: FHN.PRC) is currently up about 0.5% on the day, while the common shares (Symbol: FHN) are up about 2.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
