First Horizon Announces Quarterly Dividend for Series C Preferred Shares

First Horizon Corp (FHN) has officially declared a quarterly dividend for holders of its Series C preferred shares (FHN.PRC). The distribution is set at $0.4125 per share. These securities are designated as 6.60% Dep Shares Fix/Float Non-Cumulative Preferred Stock. According to the company's schedule, the payment is expected to be distributed to eligible shareholders in early May, following the determination of the ex-dividend date. In recent trading sessions, the Series C preferred shares experienced a marginal decline of approximately 0.1%. Simultaneously, the company's common shares (FHN) traded down by 0.3%, reflecting broader market movements rather than a reaction to the dividend announcement. From an institutional perspective, First Horizon common stock maintains a 2.71% weighting within the Cullen Enhanced Equity Income ETF (DIVP). The ETF itself traded slightly lower, down approximately 0.2% on Tuesday. This routine dividend payment is consistent with the fixed/floating nature of the Series C preferred security and is not expected to trigger significant volatility in the company's primary equity valuation.