First Horizon Corporation
FHNFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
2.99%
Annual Dividend
$0.64
Payout Ratio
31%
5-Yr Growth
0.0%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Key facts about FHN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 15, 2026, First Horizon Corporation (FHN) has a forward dividend yield of 2.99%, based on an annual dividend of $0.64 per share and a share price of $22.67.
- As of Oct 15, 2026, FHN's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- FHN last cut its regular dividend in 2011.
- FHN's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.17 per share.
- As of Oct 15, 2026, FHN pays out 31% of its trailing 12-month earnings as dividends (its payout ratio).
- FHN's dividend has been roughly flat over the past five years.
- As of Oct 15, 2026, FHN's 2.99% yield is 10% below its five-year average yield of 3.33%.
- As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for FHN is $35.34 per share, 56% above the $22.67 share price, so FHN screens as undervalued.
- First Horizon Corporation (FHN) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "FHN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/FHN
Summary
As of Oct 15, 2026, First Horizon Corporation (FHN) yields 2.99% ($0.64 a year per share) and has a dividend safety grade of A (88/100).
Is FHN a good dividend stock?
YesFirst Horizon Corporation (FHN) pays a quarterly dividend yielding 2.99% ($0.64/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (31%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2011
Key Data
- Dividend Yield
- 2.99%
- Payout Ratio
- 31%
- Annual Dividend
- $0.64
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.63
- Market Cap
- $10.7B
- P/E Ratio
- 11.0
- 5-Yr Total Return
- 36%
- 52-Week Range
- $19.80 – $26.56
- Dividend Safety
- A · 88/100
- Ever Cut?
- Yes (2011)
Frequently Asked Questions
Is FHN a good dividend stock?
Yes. First Horizon Corporation (FHN) pays a quarterly dividend yielding 2.99% ($0.64/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is FHN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FHN's fair value is about $35.34 versus a $22.67 share price — so it looks undervalued (+56% vs. fair value).
Is FHN's dividend safe?
FHN has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2011, debt and yield-versus-history.
What is FHN's fair value?
Our blended fair-value estimate for FHN is about $35.34 per share, roughly 56% above the current $22.67 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is FHN a buy, hold, or sell?
We don't issue formal ratings, but on the data FHN screens as "yes" and undervalued. First Horizon Corporation (FHN) pays a quarterly dividend yielding 2.99% ($0.64/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will FHN cut its dividend?
FHN earns a dividend-safety grade of A (88/100), and has cut its dividend before (last in 2011). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does FHN pay a dividend?
Yes. First Horizon Corporation pays a quarterly dividend of about $0.64 per share annually, a forward yield of roughly 2.99%.
What is FHN's dividend yield?
As of Oct 15, 2026, FHN's forward dividend yield is 2.99%, based on a $0.64 annual dividend and a $22.67 share price.
What is FHN's dividend per share?
As of Oct 15, 2026, FHN pays $0.64 per share per year, distributed on a quarterly basis.
What is FHN's dividend payout ratio?
As of Oct 15, 2026, FHN's payout ratio is 31% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has FHN grown its dividend?
FHN does not currently have a long dividend-growth streak on record.
When is the next FHN ex-dividend date?
As of Oct 15, 2026, FHN's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.17 per share.
FHN Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+115%
5 Years
+36%
52-Week Range
$19.80 – $26.56
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FHN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for First Horizon Corporation is $35.34 per share, versus a market price of $22.67. That implies 56% of upside — a margin of safety of about 36%.
Fair Value
$35.34
Current Price
$22.67
Upside
+56%
Margin of Safety
36%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $2.08 EPS, $0.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FHN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full FHN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | Oct 1, 2026 | $0.1700 | regular |
| Jun 12, 2026 | Jul 1, 2026 | $0.1700 | regular |
| Mar 13, 2026 | Apr 1, 2026 | $0.1700 | regular |
| Dec 12, 2025 | Jan 2, 2026 | $0.1500 | regular |
| Sep 12, 2025 | Oct 1, 2025 | $0.1500 | regular |
| Jun 13, 2025 | Jul 1, 2025 | $0.1500 | regular |
| Mar 14, 2025 | Apr 1, 2025 | $0.1500 | regular |
| Dec 13, 2024 | Jan 2, 2025 | $0.1500 | regular |
| Sep 13, 2024 | Oct 1, 2024 | $0.1500 | regular |
| Jun 14, 2024 | Jul 1, 2024 | $0.1500 | regular |
| Mar 14, 2024 | Apr 1, 2024 | $0.1500 | regular |
| Dec 14, 2023 | Jan 2, 2024 | $0.1500 | regular |
| Sep 14, 2023 | Oct 2, 2023 | $0.1500 | regular |
| Jun 15, 2023 | Jul 3, 2023 | $0.1500 | regular |
Income Calculator
At $0.64 / yr per share
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