First Horizon Declares Quarterly Dividends

Rajesh Subramaniam

First Horizon National Corporation, parent company of First Tennessee Bank, board of directors has approved payment of a quarterly cash dividend on its common stock of $.07 per share. The dividend is payable on Oct. 3 to the common shareholders of record on Sept. 9.  

The board also approved payment of a quarterly cash dividend of $1,550 per share on First Horizon’s Non-Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock). This equates to a cash dividend of $.387500 per Depositary Share (NYSE:FHN PrA), which each represent a 1/4000th interest in a share of the Series A Preferred Stock. The dividend is payable Oct. 11 to shareholders of record on Sept. 23. 

Rajesh Subramaniam has been elected to the board of directors of First Horizon National Corp. 

Mr. Subramaniam, 50, is executive vice president of marketing and communications for FedEx Services Inc. and FedEx Corp. From 2003-2006 he was president of FedEx Canada, and prior to that he served as vice president of marketing for FedEx’s Asia Pacific business.

“Raj brings deep insights he has gained in broadly diverse markets,” said Bryan Jordan, First Horizon’s chairman and CEO.  “Those experiences and his expertise in marketing and communications will help us build for long-term success. He is a great addition to our team.”