First Horizon Preferred Stock Yields Above 6.5% Mark

In trading news, First Horizon Corp's preferred stock is yielding above 6.5%. This performance could impact investors' sentiment and stock prices, particularly given the current market trends.

Date: 06-01-2025

AI Rating: 7

Yield Performance and Dividend Information

First Horizon Corp's 6.60% Dep Shares Fix/Float Non-Cumul Pfd Stock Series C (FHN.PRC) presents a favorable yield above the 6.5% mark with an annualized dividend of $1.65, highlighting the attraction of this preferred stock compared to the average yield of 6.51% in the Financial preferred stock category.

The stock is trading at a premium of 1.96% over its liquidation preference, which is a positive indicator compared to the average discount of 7.51% in its category. This premium suggests investor confidence in the stock. However, it is essential for investors to note that this preferred stock is non-cumulative, meaning missed payments do not accrue to preferred shareholders before resuming common dividends. This could affect investor sentiment if there are any payment concerns.

In the latest trading session, FHN.PRC saw an increase of approximately 0.8%, while the common shares of First Horizon Corp (FHN) were up by about 1.5%. Such movements in both preferred and common shares could suggest a positive outlook for the company among investors.

Stocks: FHN