Cash Dividend On The Way From First Horizon's Preferred Stock Series C

First Horizon Corp's 6.60% Dep Shares Fix/Float Non-Cumul Pfd Stock Ser C (FHN.PRC) will trade ex-dividend on 4/16/26 for a quarterly dividend of $0.4125, payable on 5/1/26. Based on the recent share price of $25.35, the dividend implies an annualized yield of roughly 6.5% on this preferred stock. The item is routine dividend timing news with limited expected market impact.

Analysis

First Horizon Corp's 6.60% Dep Shares Fix/Float Non-Cumul Pfd Stock Ser C (FHN.PRC) will trade ex-dividend on 4/16/26 for a quarterly dividend of $0.4125, payable on 5/1/26. Based on the recent share price of $25.35, the dividend implies an annualized yield of roughly 6.5% on this preferred stock. The item is routine dividend timing news with limited expected market impact.