First Horizon Corporation Announces Quarterly Dividend
First Horizon Corporation (FHN) has declared a quarterly dividend of $0.17 per share, consistent with its previous payout. The forward yield is currently estimated at 2.61%. Shareholders will receive the payment on October 1 for those registered as of September 11; shares will trade ex-dividend starting that same date. The announcement comes amid a backdrop where First Horizon has demonstrated strong performance, including Non-GAAP earnings per share (EPS) of $0.54 in its latest quarter—beating estimates by $0.02—and revenue reaching $887 million, surpassing expectations by $7.45 million. The company also expects a reduction of approximately 10% in standardized risk-weighted assets while maintaining its Common Equity Tier 1 (CET1) capital ratio around the 10.5% level.
Tickers: $FHN
Topics: banking dividends earnings beat