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| First Horizon's Shares Preferred Stock Series D Shares Cross 6% Yield MarkBy Preferred Stock Channel Staff, Monday, April 15, 2:45 PM ET
In trading on Monday, shares of First Horizon Corp's 6.10% Dep Shares Fix/Float Non-Cumul Perp Pfd Stock Ser D (NYSE:FHN.PRD) were yielding above the 6% mark based on its semi-annual dividend (annualized to $1.525), with shares changing hands as low as $24.94 on the day. This compares to an average yield of 6.77% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, FHN.PRD was trading at a 2.80% premium to its liquidation preference amount, versus the average discount of 11.00% 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.PRD shares, versus FHN:
Below is a dividend history chart for FHN.PRD, showing historical dividend payments on First Horizon Corp's 6.10% Dep Shares Fix/Float Non-Cumul Perp Pfd Stock Ser D:
Free Report: Top 8%+ Dividends (paid monthly) In Monday trading, First Horizon Corp's 6.10% Dep Shares Fix/Float Non-Cumul Perp Pfd Stock Ser D (NYSE:FHN.PRD) is currently trading flat on the day, while the common shares (NYSE:FHN) are down about 1.8%.
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