First Horizon Corporation (NYSE:FHN) Shareholders to Collect $0.17 Quarterly Dividend

First Horizon Corporation (NYSE:FHN) announced a quarterly dividend on Monday, October 26th. Investors of record on Friday, December 11th will be paid 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 dividend yield of 2.9%. The ex-dividend date 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 Price Performance

First Horizon stock opened at $23.44 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $23.86 and a 200 day moving average price of $24.31. First Horizon has a 12-month low of $20.40 and a 12-month high of $26.56. The stock has a market cap of $11.11 billion, a P/E ratio of 16.87, a PEG ratio of 0.97 and a beta of 0.61.

First Horizon (NYSE:FHN) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.53 EPS for the quarter, beating 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 firm had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $889.18 million. During the same period in the prior year, the firm posted $0.51 earnings per share. Sell-side analysts anticipate that First Horizon will post 2.14 earnings per share for the current year.

First Horizon Company Profile

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.