First Horizon announces $650 million stock buyback and preferred stock dividends

MEMPHIS – First Horizon (NYSE:) Corporation, a leading financial services company with $81.7 billion in assets as of December 2023, has revealed a new stock repurchase program. The initiative, led by CEO Bryan Jordan, is authorized up to $650 million and is set to expire on January 31, 2025. This move highlights the company’s financial strength and dedication to providing value to its shareholders.

On top of the stock repurchase program, First Horizon has declared dividends for several Preferred Stock series. Shareholders must be on record by March 15, 2024, to be eligible for the upcoming quarterly dividend. The company is set to disburse a dividend of $0.15 per share on April 1, 2024. Another dividend payment date is scheduled for April 10, provided shareholders are on record by a specific date in April.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.