Edison International and Southern California Edison Declare Dividends

Rhea-AI Summary

The Board of Directors of Edison International (NYSE: EIX) has declared a quarterly common stock dividend of $0.70 per share, payable on April 30, 2022, to shareholders of record as of March 31, 2022. Additionally, a semi-annual dividend of $26.875 on Series A Preferred Stock and an initial dividend of $17.08333 on Series B Preferred Stock are to be paid on March 15, 2022. Other quarterly dividends include various amounts for Series G, H, J, K, L, and E preference stocks, all payable on March 15, 2022 and May 1, 2022.

Positive

• Quarterly common stock dividend of $0.70 per share supports shareholder income.
• Semi-annual dividend of $26.875 per share on Series A Preferred Stock indicates company confidence.

Negative

• None.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- The Board of Directors of Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.70 per share, to be paid on April 30, 2022, to shareholders of record on March 31, 2022. The Board also declared a semi-annual dividend of $26.875 per share on the Series A Preferred Stock and an initial dividend of $17.08333 per share on the Series B Preferred Stock, both to be paid on March 15, 2022 to shareholders of record on March 1, 2022.

Additionally, the Board of Directors of Southern California Edison today declared the following dividends:

• A quarterly dividend on the Series G preference stock, which would result in a distribution of $0.31875 per security on SCE Trust II’s 5.10% Trust Preference Securities.
• A quarterly dividend on the Series H preference stock, which would result in a distribution of $0.359375 per security on SCE Trust III’s 5.75% Trust Preference Securities.
• A quarterly dividend on the Series J preference stock, which would result in a distribution of $0.3359375 per security on SCE Trust IV’s 5.375% Trust Preference Securities.
• A quarterly dividend on the Series K preference stock, which would result in a distribution of $0.340625 per security on SCE Trust V’s 5.45% Trust Preference Securities.
• A quarterly dividend on the Series L preference stock, which would result in a distribution of $0.3125 per security on SCE Trust VI’s 5.00% Trust Preference Securities.

Each of these dividends is to be paid on March 15, 2022, to holders of record on March 14, 2022.

The SCE board also declared a quarterly dividend on the Series E preference stock of $11.16 per share to be paid on May 1, 2022 to holders of record on April 5, 2022.

About Edison International

Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility that delivers electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Edison Energy, a global energy advisory company delivering comprehensive, data-driven energy solutions to commercial and industrial users to meet their cost, sustainability and risk goals.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220224005850/en/

Investor Relations: Sam Ramraj, (626) 302-2540

Media Contact: Jeff Monford, (626) 476-8120

Source: Edison International

FAQ

What is the dividend amount declared by Edison International?

Edison International declared a quarterly common stock dividend of $0.70 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 30, 2022, to shareholders of record on March 31, 2022.

What are the dividends for preferred stocks declared by Edison International?

Dividends include $26.875 for Series A Preferred Stock and $17.08333 for Series B Preferred Stock.

When is the next dividend payment for the preferred stocks?

The preferred stock dividends will be paid on March 15, 2022.