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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): First Horizon Corporation (FHN) pays a $0.64 annual dividend ($0.17 quarterly), yielding 2.60% at $24.65/share. Next ex-dividend date 2026-09-11. 14 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.60%
Annual Dividend: $0.64 per share
Payout Ratio: 32.4%
Ex-Dividend Date: 2026-09-11
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 39
First Horizon Corporation dividend investors get exposure to a Memphis-based regional bank with roots going back to 1864. FHN currently pays $0.64 per share annually, distributed quarterly, with the next ex-dividend date set for September 11, 2026. The yield sits at 2.6%, reflecting a bank that operates roughly 500 First Horizon Bank branches across 22 states alongside about 400 FHN Financial centers. A beta of 0.622 points to below-average price volatility, which suits income investors who prioritize steadier price behavior over aggressive growth.
First Horizon Corporation pays out 32.4% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low retention of earnings relative to the dividend means the bank retains substantial earnings to absorb credit losses or reinvest in its Regional Banking and Specialty Banking operations. First Horizon Corporation dividend safety benefits from that cushion, though regional banks are exposed to credit cycle risk, and any meaningful deterioration in loan quality could pressure earnings and, by extension, the dividend.
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 window contains at least one year-over-year decline exceeding 5%, and the largest single-year jump was 400.0% in 2013, reflecting a recovery from a deeply depressed base rather than organic acceleration. Growth has been flat since 2020, with the annual payment holding at $0.60 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 fits dividend investors who want a low-payout, moderate-yield bank stock without chasing an elevated distribution. The yield of 2.6% falls in the moderate (2-4%) range and sits above the 5-year average of 2.44%, so current buyers are getting a slightly better entry yield than the historical norm. The trade-off is clear: the dividend has not moved since 2020, meaning real purchasing power has eroded over that stretch. What First Horizon Corporation offers is a conservative 32.4% payout ratio that leaves room to sustain payments through a credit downturn, paired with a 14-year streak of consecutive increases that stalled into a plateau.
| 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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