First Horizon Corporation (FHN) to Distribute Quarterly Dividend of $0.17 on October 1st

First Horizon Corporation (NYSE:FHN – Get Free Report) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, September 11th will be paid a dividend of 0.17 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, September 11th.

First Horizon has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Horizon to earn $2.34 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 29.1%.

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First Horizon Stock Performance

Shares of FHN opened at $24.68 on Wednesday. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.99 and a beta of 0.60. First Horizon has a 12 month low of $19.80 and a 12 month high of $26.56. The firm has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $24.44. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15.

First Horizon (NYSE:FHN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $887.00 million during the quarter, compared to the consensus estimate of $878.42 million. First Horizon had a net margin of 21.12% and a return on equity of 12.06%. During the same period in the prior year, the business posted $0.45 EPS. Research analysts forecast that First Horizon will post 2.15 EPS for the current fiscal year.

About First Horizon

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First Horizon Corporation, headquartered in Memphis, Tennessee, is a diversified financial services company providing an array of retail, commercial and wealth management solutions. As the largest bank-based financial services firm in Tennessee, First Horizon operates through a network of branches and digital platforms across the Southeastern United States, offering personal and business banking, mortgage origination and servicing, payment solutions and treasury management services.

Tracing its origins to the First National Bank of Memphis established in 1864, First Horizon has grown through strategic acquisitions and organic expansion to serve customers in Tennessee, Texas, North Carolina, South Carolina, Georgia and Florida.

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