First Horizon's Preferred Stock, Series E Yield Pushes Past 7%

In trading on Wednesday, shares of First Horizon Corp's 6.50% Dep Shares Non-Cumulative Prfd Stock, Series E (FHN. RE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $23.20 on the day.