First Horizon National Corporation is increasing its quarterly cash dividend on common stock by 29%. First Horizon's board of directors approved payment of a quarterly cash dividend on its common stock of $0.09 per share payable April 3, 2017 to common shareholders of record on March 10, 2017. The per-share quarterly cash dividend in 2016 was $0.07. The 29% increase raises the regular annual common dividend rate from $0.28 per share to $0.36 per share.

The board also approved payment of a quarterly cash dividend of $1,550.00 per share on First Horizon's
Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock"). This equates to a cash
dividend of $0.387500 per Depositary Share, which each represent a 1/4000th interest in a share of the Series A Preferred Stock. The dividend is payable April 10, 2017 to shareholders of record on March 24, 2017.