Markets
FHN

First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A About To Put More Money In Your Pocket

On 12/21/15, 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 1/11/16. As a percentage of FHN.PRA's recent share price of $25.37, 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 12/21/15. On an annualized basis, the current yield is approximately 6.17%, which compares to an average yield of 5.84% 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 2.00% of the PowerShares KBW Regional Banking Portfolio ETF ( KBWR ) which is trading lower by about 1.7% on the day Thursday.

In Thursday trading, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (Symbol: FHN.PRA) is currently up about 0.8% on the day, while the common shares (Symbol: FHN) are down 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.

In This Story

FHN FHN.PRA KBWR

Other Topics

Investing

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More