On 3/24/14, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (FHN.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 4/10/14. As a percentage of FHN.PRA's recent share price of $23.68, this dividend works out to approximately 1.64%, so look for shares of FHN.PRA to trade 1.64% lower — all else being equal — when FHN.PRA shares open for trading on 3/24/14. On an annualized basis, the current yield is approximately 6.55%, which compares to an average yield of 5.64% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A
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