First Horizon Plans To Repurchase Up To $650M Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
First Horizon announced a plan to repurchase up to $650M of its common stock and declared a quarterly dividend of $0.15 per share, payable on April 1, 2024, to shareholders of record as of March 15, 2024.

January 23, 2024 | 10:56 pm
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First Horizon plans to repurchase up to $650M of its common stock and has declared a quarterly dividend of $0.15 per share.
The announcement of a stock repurchase plan typically signals a company's confidence in its financial stability and future prospects, which can be positive for investor sentiment and potentially lead to a short-term increase in stock price. The declaration of a dividend also reflects positively on the company's commitment to returning value to shareholders, which can further bolster the stock's attractiveness.
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IMPORTANCE 85
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