First Horizon (First Horizon) 5-Year Yield-on-Cost % : 8.33 (As of Apr. 25, 2024)

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What is First Horizon 5-Year Yield-on-Cost %?

First Horizon's yield on cost for the quarter that ended in Dec. 2023 was 8.33.

The historical rank and industry rank for First Horizon's 5-Year Yield-on-Cost % or its related term are showing as below:

FHNpC.PFD' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.85 Med: 2.94 Max: 9.61
Current: 8.33

During the past 13 years, First Horizon's highest Yield on Cost was 9.61. The lowest was 0.85. And the median was 2.94.

FHNpC.PFD's 5-Year Yield-on-Cost % is ranked worse than
51.24% of 1206 companies
in the Banks industry
Industry Median: 4.965 vs FHNpC.PFD: 8.33

Competitive Comparison of First Horizon's 5-Year Yield-on-Cost %

For the Banks - Regional subindustry, First Horizon's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Horizon's 5-Year Yield-on-Cost % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Horizon's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where First Horizon's 5-Year Yield-on-Cost % falls into.

First Horizon 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of First Horizon is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

First Horizon (NYSE:FHNpC.PFD) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

First Horizon 5-Year Yield-on-Cost % Related Terms

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First Horizon (First Horizon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Horizon Corp (NYSE:FHNpC.PFD) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

FHNpF.PFD:USA FHNpB.PFD:USA FHNpD.PFD:USA FHNpE.PFD:USA FHN:USA FT2:Germany

Address

165 Madison Avenue, Memphis, TN, USA, 38103

Website

https://www.firsthorizon.com

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.