First Horizon National Corporation (NYSE:FHN) announced a quarterly dividend on Tuesday, October 24th, RTT News reports. Stockholders of record on Friday, November 3rd will be given a dividend of 0.09 per share by the financial services provider on Tuesday, January 2nd. This represents a $0.36 annualized dividend and a dividend yield of 1.87%.

First Horizon National Corporation has raised its dividend by an average of 19.1% per year over the last three years. First Horizon National Corporation has a payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Horizon National Corporation to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 27.5%.

First Horizon National Corporation (NYSE:FHN) traded up 1.16% during mid-day trading on Tuesday, hitting $19.24. The stock had a trading volume of 2,717,607 shares. First Horizon National Corporation has a 52 week low of $14.92 and a 52 week high of $20.84. The stock has a market capitalization of $4.51 billion, a P/E ratio of 17.18 and a beta of 1.05. The company’s 50 day moving average is $18.34 and its 200-day moving average is $17.81.

First Horizon National Corporation (NYSE:FHN) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. The business had revenue of $337.00 million during the quarter, compared to analysts’ expectations of $340.48 million. During the same period in the previous year, the business earned $0.27 earnings per share. On average, analysts expect that First Horizon National Corporation will post $1.13 EPS for the current fiscal year.

In other news, CFO William C. Losch III sold 3,500 shares of First Horizon National Corporation stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction of $64,785.00. Following the completion of the sale, the chief financial officer now owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Brad Martin sold 5,449 shares of First Horizon National Corporation stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $19.25, for a total transaction of $104,893.25. Following the sale, the director now directly owns 482,188 shares of the company’s stock, valued at approximately $9,282,119. The disclosure for this sale can be found here. Insiders have sold 54,056 shares of company stock valued at $1,010,022 in the last 90 days. Company insiders own 2.09% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised First Horizon National Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Deutsche Bank AG reaffirmed a “hold” rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. Raymond James Financial, Inc. raised First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price target (up previously from $19.50) on shares of First Horizon National Corporation in a research report on Wednesday, October 4th. Finally, UBS AG raised First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. First Horizon National Corporation presently has a consensus rating of “Hold” and a consensus price target of $20.22.

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About First Horizon National Corporation

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

Dividend History for First Horizon National Corporation (NYSE:FHN)

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