First Horizon National Corporation (NYSE:FHN) will begin trading ex-dividend on December 10, 2020. The quarterly dividend payment of $ 0.15 per share is scheduled to be paid on January 4, 2021. The dividend yield based on the latest trading day closing price was 4.59 percent. Shareholders who purchased FHN shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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First Horizon National Corporation recently reported third quarter financial results on October 23, 2020, before market open, bank holding company outlined income for the third quarter of $ 0.95 per share, from the revenue of $ 1,355.00 million, On adjusted basis, FHN reported income for the quarter of $ 0.35 per share. The quarterly earnings extended 171.43 percent while revenues escalated 187.08 percent compared with the same quarter last year. Wall street analysts are predicting, FHN to report 3Q20 income of $ 0.21 per share from revenue of $ 799.54 million. The bottom line results beat street analysts by $ 0.14 or 66.67 percent, at the same time, top line results outshined analysts by $ 555.46 million or 69.47 percent.
Stock Performance
Shares of First Horizon National Corporation traded low $ -0.06 or -0.46 percent on Tuesday, reaching $ 13.08 with volume of 2.79 million shares. First Horizon National Corporation has traded high as $ 13.19 and has cracked $ 12.97 on the downward trend
According to the previous trading day, closing price of $ 13.08, representing a 109.57 % increase from the 52 week low of $ 6.27 and a 24.48 % decrease over the 52 week high of $ 17.40.
The company has a market capital of $ 7.26 billion and is part of the Financial Services sector and Banks – Regional – US industry.
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.