On 6/23/14, 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 7/10/14. As a percentage of FHN.PRA's recent share price of $24.12, this dividend works out to approximately 1.61%, so look for shares of FHN.PRA to trade 1.61% lower — all else being equal — when FHN.PRA shares open for trading on 6/23/14. On an annualized basis, the current yield is approximately 6.42%, which compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A
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