1.09%XLF 19.94 2.92%QQQQ 47.01 1.24%
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MEMPHIS, Tenn. - First Horizon National Corp. said Friday it will pay its regular quarterly dividend in shares of common stock.
| FHN | 10.7 |  -0.55 |
The dividend rate is 3.0165 percent, which means 30.165 new shares will be distributed for every 1,000 shares held. The rate was determined to provide shareholders with new shares having a value of 20 cents for each share held, based on First Horizon's volume weighted average stock price on July 11 of $6.53 per share.
The dividend will be distributed on Oct. 1 to shareholders of record as of Sept. 12.
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