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|First Horizon National's Preferred Stock, Series A Shares Cross 6% Yield Mark
Friday, April 15, 2:31 PM ET, by Market News Video Staff
In trading on Friday, shares of First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series ...
First Horizon National Corp (FHN) Shares Cross Above 200 DMA
Monday, April 18, 3:58 PM ET, by Market News Video Staff
In trading on Monday, shares of First Horizon National Corp (FHN) crossed above their 200 ...
FHN Dividend Yield Pushes Above 2%
Friday, April 29, 3:12 PM ET, by Market News Video Staff
In trading on Friday, shares of First Horizon National Corp (FHN) were yielding above the ...
First Horizon National Stock Sees Short Interest Decrease By 10.4%
Thursday, May 12, 1:05 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 04/29/2016 settlement date, which ...
Ex-Dividend Reminder: First Horizon National, UMB Financial and Care Capital Properties
Monday, June 6, 10:20 AM ET, by Market News Video Staff
On 6/8/16, First Horizon National Corp (FHN), UMB Financial Corp (UMBF), and Care Capital Properties ...
First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A Ex-Dividend Reminder
By Preferred Stock Channel Staff, Monday, March 20, 1:33 PM ET
On 3/22/17, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (NYSE:FHN.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 4/10/17. As a percentage of FHN.PRA's recent share price of $25.30, this dividend works out to approximately 1.53%, so look for shares of FHN.PRA to trade 1.53% lower — all else being equal — when FHN.PRA shares open for trading on 3/22/17. On an annualized basis, the current yield is approximately 6.15%, which compares to an average yield of 5.65% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, FHN.PRA was trading at a 0.96% premium to its liquidation preference amount, versus the average premium of 4.54% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of FHN.PRA shares, versus FHN:
Below is a dividend history chart for FHN.PRA, showing historical dividends prior to the most recent $0.3875 on First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A:
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According to the ETF Finder at ETF Channel, First Horizon National Corp (NYSE:FHN) makes up 1.85% of the PowerShares KBW Regional Banking Portfolio ETF (KBWR) which is trading lower by about 0.8% on the day Monday.
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See what other stocks are held by KBWR »
In Monday trading, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (NYSE:FHN.PRA) is currently trading flat on the day, while the common shares (NYSE:FHN) are down about 0.5%.
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