Clint Carlson’s Carlson Capital Portfolio: 5 Dividend Stock Picks

4. First Horizon Corporation (NYSE:FHN)

Number of Hedge Fund Holders: 44
Dividend Yield as of May 29: 2.60%
Carlson Capital’s Stake Value: $29,128,000

First Horizon Corporation (NYSE:FHN), an American bank holding company, remained popular among hedge funds in Q1 2022, as 44 hedge funds in Insider Monkey’s database held positions in the company, up from 24 in the previous quarter. The consolidated value of these stakes is over $1.05 billion, showing significant growth from a $170.6 million worth of stake held by hedge funds in Q4 2021.

In Q1 2022, First Horizon Corporation (NYSE:FHN) posted an EPS of $0.38 in Q1 2022, surpassing expectations by $0.03. However, the company’s revenue of $704 million missed estimates by $3.92 million. The company currently pays a quarterly dividend of $0.15 per share, with a dividend yield of 2.60%, as of May 29. First Horizon Corporation (NYSE:FHN) has not raised its dividend since 2020, however, the company sustained its dividend payments over the years.

Carlson Capital initiated its position in First Horizon Corporation (NYSE:FHN) during the first quarter of 2022, purchasing over 1.2 million shares, worth over $29 million. The company accounted for 1.99% of Clint Carlson’s portfolio.