First Horizon Corporation
FHNFinancial Services · Stock · quarterly payer
Forward Yield
2.77%
Annual Dividend
$0.68
Payout Ratio
31%
5-Yr Growth
0.0%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Summary
As of September 2026, First Horizon Corporation (FHN) yields 2.77% ($0.68 per share annually), with a blended fair-value estimate of $45.15 — +81% upside, so it screens as undervalued. Dividend safety grade: A (87/100).
Is FHN a good dividend stock?
YesFirst Horizon Corporation (FHN) pays a quarterly dividend yielding 2.77% ($0.68/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%)
- 53% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2011
Key Data
- Dividend Yield
- 2.77%
- Payout Ratio
- 31%
- Annual Dividend
- $0.68
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.61
- Market Cap
- $11.7B
- P/E Ratio
- 11.8
- 5-Yr Total Return
- 53%
- 52-Week Range
- $19.80 – $26.56
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (2011)
Frequently Asked Questions
FHN Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+126%
5 Years
+53%
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?
Undervaluedlow confidenceOur blended fair-value estimate for First Horizon Corporation is $45.15 per share, versus a market price of $24.94. That implies 81% of upside — a margin of safety of about 45%.
Fair Value
$45.15
Current Price
$24.94
Upside
+81%
Margin of Safety
45%
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.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 16.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.4% discount rate (CAPM), 16.1% stage-1 growth, 2.5% terminal growth, $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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 12, 2026 | — | $0.1700 | regular |
| Mar 13, 2026 | — | $0.1700 | regular |
| Dec 12, 2025 | — | $0.1500 | regular |
| Sep 12, 2025 | — | $0.1500 | regular |
| Jun 13, 2025 | — | $0.1500 | regular |
| Mar 14, 2025 | — | $0.1500 | regular |
| Dec 13, 2024 | — | $0.1500 | regular |
| Sep 13, 2024 | — | $0.1500 | regular |
| Jun 14, 2024 | — | $0.1500 | regular |
| Mar 14, 2024 | — | $0.1500 | regular |
| Dec 14, 2023 | — | $0.1500 | regular |
| Sep 14, 2023 | — | $0.1500 | regular |
| Jun 15, 2023 | — | $0.1500 | regular |
| Mar 16, 2023 | — | $0.1500 | regular |
Income Calculator
At $0.68 / yr per share
