Edison International, 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 $0.7375 per share, payable on April 30, 2023, to shareholders of record on March 31, 2023.

Additionally, the board announced several other dividends, including a $26.875 semiannual dividend for Series A preferred stock and a $25.00 semiannual dividend for Series B preferred stock, both payable on March 15, 2023. Other quarterly dividends for Southern California Edison preference stocks were also declared, with payment dates ranging from March 15 to May 1, 2023.

Positive

• Quarterly common stock dividend of $0.7375 per share declared.
• Multiple dividends for preferred stocks provide income for shareholders.

Negative

• None.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- The board of directors of Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.7375 per share, to be paid on April 30, 2023, to shareholders of record on March 31, 2023.

The Edison International board of directors also declared the following dividends, payable on March 15, 2023, to shareholders of record on March 1, 2023:

• A semiannual dividend of $26.875 per share on the 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A
• A semiannual dividend of $25.00 per share on the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B

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, 2023, to holders of record on March 14, 2023.

The SCE board also declared a quarterly dividend on the Series E preference stock of $22.2812 per share to be paid on May 1, 2023, to holders of record on April 5, 2023.

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/20230223005842/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 for common stock?

The declared quarterly common stock dividend of Edison International is $0.7375 per share.

When will Edison International pay dividends to shareholders?

The dividends will be paid on April 30, 2023, for common stock, and on March 15, 2023, for preferred stocks.

What are the details of the preferred stock dividends announced by Edison International?

Preferred stock dividends include $26.875 for Series A and $25.00 for Series B, payable on March 15, 2023.

Is the dividend from Edison International sustainable?

The sustainability of dividends can depend on various factors, including the company's financial health, performance, and market conditions.