Edison International, Southern California Edison Declare Q3 Dividends

Rhea-AI Summary

Edison International (NYSE: EIX) and Southern California Edison have declared dividends for Q3 2024. Edison International will pay semiannual dividends on its preferred stocks: $26.875 per share for Series A and $25.00 per share for Series B, both payable on Sept. 15, 2024, to shareholders of record on Sept. 1, 2024.

Southern California Edison declared quarterly dividends on its preference stocks, ranging from $0.31875 to $0.588819 per security, payable on Sept. 15, 2024, to shareholders of record on Sept. 13, 2024. The Edison International board will consider approval of the EIX common stock dividend in September, with payment expected on Oct. 31.

Positive

• Consistent dividend payments across multiple preferred and preference stock series
• Timely declaration of dividends for Q3 2024
• Consideration of common stock dividend approval in September

Negative

• None.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- The board of directors of Edison International (NYSE: EIX) today declared the following dividends, payable Sept. 15, 2024, to shareholders of record on Sept. 1, 2024:

• 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 quarterly dividends, payable on Sept. 15, 2024, to shareholders of record on Sept. 13, 2024, 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
• Series H preference stock, which would result in a distribution of $0.548859 per security on SCE Trust III’s 5.75% Trust Preference Securities
• 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
• 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
• 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
• Series M preference stock, which would result in a distribution of $0.46875 per security on SCE Trust VII’s 7.50% Trust Preference Securities
• Series N preference stock, which would result in a distribution of $0.588819 per security on SCE Trust VIII’s 6.95% Trust Preference Securities

Looking ahead, in September, the Edison International board will consider approval of the EIX common stock dividend, payable on Oct. 31.

About Edison International

Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, focused on 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 delivering electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Trio (formerly Edison Energy), a portfolio of nonregulated competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240806960093/en/

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

Media Relations: (626) 302-2255

News@sce.com

Source: Edison International

FAQ

When will Edison International (EIX) pay its Q3 2024 preferred stock dividends?

Edison International will pay its Q3 2024 preferred stock dividends on September 15, 2024, to shareholders of record on September 1, 2024.

What is the dividend amount for Edison International's (EIX) Series A preferred stock?

The semiannual dividend for Edison International's Series A preferred stock is $26.875 per share.

When will Southern California Edison pay its Q3 2024 preference stock dividends?

Southern California Edison will pay its Q3 2024 preference stock dividends on September 15, 2024, to shareholders of record on September 13, 2024.

What is the highest dividend distribution among Southern California Edison's preference stocks for Q3 2024?

The highest dividend distribution is $0.588819 per security on SCE Trust VIII's 6.95% Trust Preference Securities (Series N preference stock).

When will Edison International (EIX) consider approving the common stock dividend?

Edison International's board will consider approval of the EIX common stock dividend in September, with an expected payment date of October 31.