MEMPHIS, Tenn., July 23, 2008 (PRIME NEWSWIRE) -- First Horizon National Corp. (NYSE:FHN) announced today a correction to its July 17 news release announcing the regular quarterly dividend payable Oct. 1, 2008.
That dividend will be payable in shares of common stock at a dividend rate of 3.0615 percent, which means that 30.615 new dividend shares will be distributed for every 1,000 shares held on the record date of Sept. 12, 2008. The July 17 news release reported the dividend rate incorrectly due to an inadvertent transposition error. The correct dividend rate is slightly higher than the rate originally reported.
About First Horizon
The 9,000 employees of First Horizon National Corp. (NYSE:FHN) provide financial services to individuals and business customers through hundreds of offices located in more than 40 states. The corporation's three major brands-FTN Financial, First Horizon and First Tennessee - provide customers with a broad range of products and services including:
* Retail/commercial banking, with the largest market share in
Tennessee and one of the highest customer retention rates of
any bank in the country
* Capital markets, one of the nation's top underwriters of U.S.
government agency securities
* Mortgage banking, one of the nation's top mortgage originators
and recipient of consecutive awards for servicing excellence
from Fannie Mae and Freddie Mac. Upon closing of the sale of
its retail and wholesale mortgage offices nationwide and its
loan origination and servicing platform outside Tennessee, the
company will continue this business in its First Tennessee Bank
markets in and around Tennessee.
FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information can be found at www.fhnc.com.
FHN-G