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Edison International Raises Common Stock Dividend 5.8%; 20th Consecutive Annual Increase
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Edison International (NYSE: EIX) declares a quarterly common stock dividend of $0.78 per share, increasing the annual dividend rate to $3.12 per share, marking the 20th consecutive annual increase. Southern California Edison also declared a semiannual dividend of $25.1409 per share on the Series E preference stock.
Positive
20th consecutive annual increase in dividend
5.8% increase in annual dividend rate
Commitment to delivering 5% to 7% core EPS growth for 2021-2025 and 2025-2028
Negative
None.
Southern California Edison declares preference stock dividend
ROSEMEAD, Calif.--(BUSINESS WIRE)--
Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Jan. 31, 2024, to shareholders of record on Dec. 29, 2023. This action increases the annual dividend by $0.17 per share. The 2024 annual dividend rate will be $3.12 per share, an increase of 5.8% from the current annual dividend rate of $2.95 per share.
“Today’s 5.8% increase in our dividend reflects the board and management’s continued confidence and commitment to delivering 5% to 7% core EPS growth for 2021-2025 and 2025-2028. This marks the 20th consecutive annual increase in Edison International’s dividend, which delivers an attractive yield and remains a key component of the company’s total return proposition,” said Pedro J. Pizarro, president and CEO of Edison International.
Additionally, Southern California Edison today declared the following dividend:
A semiannual dividend of $25.1409 per share on the Series E preference stock, payable on Feb. 1, 2024, to shareholders of record on Jan. 5, 2024.
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 LLC, a global energy advisory firm engaged in the business of providing integrated sustainability and energy solutions to commercial, industrial and institutional customers.
What is the dividend declared by Edison International (NYSE: EIX)?
Edison International declared a quarterly common stock dividend of $0.78 per share, increasing the annual dividend rate to $3.12 per share.
When will the dividend be payable to shareholders of Edison International (NYSE: EIX)?
The dividend will be payable on Jan. 31, 2024, to shareholders of record on Dec. 29, 2023.
What is the dividend declared by Southern California Edison for the Series E preference stock?
Southern California Edison declared a semiannual dividend of $25.1409 per share on the Series E preference stock, payable on Feb. 1, 2024, to shareholders of record on Jan. 5, 2024.
