First Horizon's most recent quarterly dividend of $0.15 per share was on Jun 14, 2024 (ex-date). At an annualized rate of $0.6 per share, the stock yields 3.56%.
FHN has a dividend yield of 3.56% which is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 2.85%, First Horizon's dividend yield is 25% higher. The current dividend yield is less than the historical average of 4.1% of the last 5 years.
First Horizon has a dividend history dating as far as 1994, but when it comes to recent years the company has recorded 13 consecutive years of dividend payments. Our records of FHN show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. However since the stock price has gone up by 30% from a year ago, the dividend yield has decreased by 23%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 14, 2024 | Jul 1, 2024 | Apr 23, 2024 | $0.15 | normal |
| Mar 14, 2024 | Apr 1, 2024 | Jan 23, 2024 | $0.15 | normal |
| Dec 14, 2023 | Jan 2, 2024 | Oct 24, 2023 | $0.15 | normal |
| Sep 14, 2023 | Oct 2, 2023 | Jul 25, 2023 | $0.15 | normal |
| Jun 15, 2023 | Jul 3, 2023 | Apr 25, 2023 | $0.15 | normal |
| Mar 16, 2023 | Apr 3, 2023 | Jan 24, 2023 | $0.15 | normal |
| Dec 15, 2022 | Jan 3, 2023 | Oct 25, 2022 | $0.15 | normal |
| Sep 8, 2022 | Oct 3, 2022 | Jul 26, 2022 | $0.15 | normal |
| Jun 9, 2022 | Jul 1, 2022 | Apr 26, 2022 | $0.15 | normal |
| Mar 10, 2022 | Apr 1, 2022 | Jan 25, 2022 | $0.15 | normal |
| Dec 9, 2021 | Jan 3, 2022 | Oct 26, 2021 | $0.15 | normal |
| Sep 9, 2021 | Oct 1, 2021 | Jul 27, 2021 | $0.15 | normal |
| Jun 10, 2021 | Jul 1, 2021 | Apr 27, 2021 | $0.15 | normal |
| Mar 11, 2021 | Apr 1, 2021 | Jan 27, 2021 | $0.15 | normal |
| Dec 10, 2020 | Jan 4, 2021 | Oct 27, 2020 | $0.15 | normal |
| Sep 10, 2020 | Oct 1, 2020 | Jul 28, 2020 | $0.15 | normal |
| Jun 11, 2020 | Jul 1, 2020 | Apr 29, 2020 | $0.15 | normal |
| Mar 12, 2020 | Apr 1, 2020 | Jan 28, 2020 | $0.15 | normal |
| Dec 12, 2019 | Jan 2, 2020 | Oct 28, 2019 | $0.14 | normal |
| Sep 12, 2019 | Oct 1, 2019 | Jul 23, 2019 | $0.14 | normal |
| Jun 13, 2019 | Jul 1, 2019 | Apr 23, 2019 | $0.14 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Jan 29, 2019 | $0.14 | normal |
| Dec 13, 2018 | Jan 2, 2019 | Oct 23, 2018 | $0.12 | normal |
| Sep 6, 2018 | Oct 1, 2018 | Jul 24, 2018 | $0.12 | normal |
| Jun 7, 2018 | Jul 2, 2018 | Apr 24, 2018 | $0.12 | normal |
| Mar 8, 2018 | Apr 2, 2018 | Jan 23, 2018 | $0.12 | normal |
| Nov 2, 2017 | Jan 2, 2018 | Oct 24, 2017 | $0.09 | normal |
| Sep 7, 2017 | Oct 2, 2017 | Jul 25, 2017 | $0.09 | normal |
| Jun 7, 2017 | Jul 3, 2017 | Apr 25, 2017 | $0.09 | normal |
| Mar 8, 2017 | Apr 3, 2017 | Jan 24, 2017 | $0.09 | normal |
| Dec 7, 2016 | Jan 3, 2017 | Oct 25, 2016 | $0.07 | normal |
| Sep 7, 2016 | Oct 3, 2016 | Jul 26, 2016 | $0.07 | normal |
| Jun 8, 2016 | Jul 1, 2016 | $0.07 | normal | |
| Mar 9, 2016 | Apr 1, 2016 | $0.07 | normal |
FHN has a payout ratio of 40.8% which is higher than the industry average but lower than the Financial Services sector average. But if we consider the Financial Services sector average of 41.2%, First Horizon's payout ratio is only 1% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FHN First Horizon Corp | 3.5% | $0.6 | 40.8% |
| PNC Pnc Financial Services Group Inc | 3.45% | $6.25 | 52.5% |
| SNV Synovus Financial Corp | 3.19% | $1.52 | 51.9% |
Yes, First Horizon has paid four dividends in the last 12 months. FHN has been paying dividends since 2011.
Currently FHN's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in September 2024.
First Horizon's last dividend ex-date was on Jun 14, 2024. The dividend amount was $0.15 per share.
FHN has paid dividend of $0.6 per share in the last year.
Currently First Horizon's dividend yield is 3.56%.
First Horizon pays four dividends per year.
First Horizon's dividend payout ratio is 40.8%.
First Horizon's dividend yield is more than the Financial Services sector average.