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First Horizon National (NYSE:FHN) declared a dividend payable on January 4, 2021 to its shareholders as of October 27, 2020. It was also announced that shareholders of First Horizon National's stock as of December 11, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for First Horizon National will be on December 10, 2020. The company's current dividend payout is at $0.15. That equates to a dividend yield of 5.58% at current price levels.
What Are Ex-Dividend Dates?
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
First Horizon National's Dividend History
Over the past year, First Horizon National has seen its dividend payouts and yields climb upward overall. Last year (December 12, 2019), the company's payout sat at $0.14, which has since increased by $0.01. First Horizon National's dividend yield last year was 3.47%, which has since grown by 2.11%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
Click here to find details on First Horizon National's previous dividends.
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