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Data last updated: Oct 12, 2026
Snapshot (as of Oct 12, 2026): First Horizon Corporation (FHN) pays a $0.64 annual dividend ($0.17 quarterly), yielding 2.95% at $23.08/share. Next ex-dividend date 2026-09-11. 14 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.95%
Annual Dividend: $0.64 per share
Payout Ratio: 30.8%
Ex-Dividend Date: 2026-09-11
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 41
First Horizon Corporation dividend investors get exposure to a Memphis-based regional bank founded in 1864, operating roughly 500 First Horizon Bank branches across 22 states. FHN currently pays a 2.76% yield, with a trailing annual dividend rate of $0.66 per share paid quarterly. The next ex-dividend date is September 11, 2026. With a beta of 0.611, FHN stock moves less than the broader market, which suits income investors who prioritize lower price volatility over aggressive growth.
First Horizon Corporation pays out 32.4% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves meaningful room to absorb earnings pressure without touching the dividend, and the company's diversified revenue base, spanning regional banking, mortgage banking, equipment financing, and advisory services, spreads income across multiple business lines. First Horizon Corporation dividend safety faces its most credible test from interest rate sensitivity, a structural feature of regional banking that can compress net interest margins and reduce earnings available to support the payout.
First Horizon Corporation dividend history shows a CAGR of -5.7% per year from 2007 to 2025. Per-share payments moved from $1.7192 in 2007 to $0.60 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 400.0% in 2013, reflecting a recovery from deeply cut levels rather than organic growth momentum. Since 2020, the annual dividend has held flat at $0.60 per share, meaning growth has been zero for five consecutive years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | 0.0% | $0.60 (2022) | $0.60 (2025) |
| 5-Year | 0.0% | $0.60 (2020) | $0.60 (2025) |
| 10-Year | +9.6% | $0.24 (2015) | $0.60 (2025) |
FHN stock fits dividend investors who want a moderate-yield regional bank with a low-risk payout structure. The yield sits at moderate (2-4%), currently at 2.76%, which runs above the stock's own 5-year average of 2.51%, a sign the yield is slightly elevated relative to its recent norm. The 14-year streak of consecutive increases is a meaningful data point, but the dividend has been flat since 2020, so income growth has stalled. What investors get here is a conservatively funded payout from a geographically broad bank franchise. The trade-off is accepting little to no near-term dividend growth in exchange for a payout that the 32.4% payout ratio keeps well-protected.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-11 | $0.1700 |
| 2026-06-12 | $0.1700 |
| 2026-03-13 | $0.1700 |
| 2025-12-12 | $0.1500 |
| 2025-09-12 | $0.1500 |
| 2025-06-13 | $0.1500 |
| 2025-03-14 | $0.1500 |
| 2024-12-13 | $0.1500 |
| 2024-09-13 | $0.1500 |
| 2024-06-14 | $0.1500 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5100 |
| 2025 | $0.6000 |
| 2024 | $0.6000 |
| 2023 | $0.6000 |
| 2022 | $0.6000 |
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