First Horizon Corporation (NYSE:FHN) to Issue Quarterly Dividend of $0.17

First Horizon Corporation (NYSE:FHN – Get Free Report) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, December 11th will be given a dividend of $0.17 per share by the financial services provider on Monday, January 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, December 11th.

First Horizon has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Horizon to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 28.8%.

First Horizon Stock Up 0.0%

Shares of First Horizon stock opened at $23.44 on Tuesday. First Horizon has a 1 year low of $20.40 and a 1 year high of $26.56. The business has a 50-day moving average of $23.86 and a two-hundred day moving average of $24.31. The company has a market capitalization of $11.11 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 0.97 and a beta of 0.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.91.

First Horizon (NYSE:FHN – Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. First Horizon had a return on equity of 12.24% and a net margin of 14.35%. The company had revenue of $883.00 million for the quarter, compared to analyst estimates of $889.18 million. During the same quarter last year, the firm posted $0.51 earnings per share. As a group, equities analysts predict that First Horizon will post 2.14 EPS for the current year.

About First Horizon

(Get Free Report)

First Horizon Corporation is a financial services company headquartered in Memphis, Tennessee, and the parent company of First Horizon Bank. The company provides banking and financial services to individuals, businesses, institutions and government entities through a network serving communities primarily across the southeastern United States.

Its offerings include consumer and commercial deposit accounts, residential and commercial lending, treasury management, payment services, personal and business banking, and wealth management.

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