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Cash Dividend On The Way From First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A

On 9/23/14, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (Symbol: FHN.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 10/10/14. As a percentage of FHN.PRA's recent share price of $24.11, this dividend works out to approximately 1.61%, so look for shares of FHN.PRA to trade 1.61% lower - all else being equal - when FHN.PRA shares open for trading on 9/23/14. On an annualized basis, the current yield is approximately 6.44%, which compares to an average yield of 5.77% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of FHN.PRA shares, versus FHN:

Performance Comparison Chart

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:

FHN.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, First Horizon National Corp (Symbol: FHN) makes up 2.17% of the Proshares Ultra KBW Regional Banking ETF ( KRU ) which is trading lower by about 0.4% on the day Friday.

In Friday trading, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (Symbol: FHN.PRA) is currently up about 0.1% on the day, while the common shares (Symbol: FHN) are off about 0.4%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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