First Horizon Corporation Announces $0.17 Quarterly Dividend and Updates Financial Outlook
First Horizon Corporation (FHN) has declared a quarterly dividend of $0.17 per share, maintaining its previous payout level. The dividend carries a forward yield of 2.9%, with an ex-dividend date set for December 11 and payment scheduled for January 4. In addition to the dividend announcement, the company reported mixed third-quarter results and provided strategic updates regarding its balance sheet. First Horizon is planning a mortgage loan sale of approximately $4.5 billion as part of a repositioning strategy. The bank aims for roughly 4% earnings per share (EPS) accretion in 2027 while projecting a net interest margin (NIM) in the mid-3.50% range.
Tickers: $FHN
Topics: dividend declaration earnings report EPS guidance mortgage loan sale NIM outlook