Cash Dividend On The Way From First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A

On 9/23/13, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: FHN.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 10/10/13. As a percentage of FHN.PRA's recent share price of $22.56, this dividend works out to approximately 1.72%, so look for shares of FHN.PRA to trade 1.72% lower -- all else being equal -- when FHN.PRA shares open for trading on 9/23/13. On an annualized basis, the current yield is approximately 6.89%, which c...