STOCK TITAN

Southern California Edison Declares Dividends

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

The Board of Directors of Southern California Edison has declared quarterly dividends for its preference stocks, payable on December 15, 2022. Shareholders on record as of December 14, 2022 will receive the following distributions:

  • Series G: $0.31875 per share
  • Series H: $0.359375 per share
  • Series J: $0.3359375 per share
  • Series K: $0.340625 per share
  • Series L: $0.3125 per share

Southern California Edison, a subsidiary of Edison International (NYSE: EIX), serves approximately 15 million people in Southern California.

Positive
  • Declaring quarterly dividends indicates financial health and confidence in cash flow.
  • Diversified preference stock series provides multiple income streams for investors.
Negative
  • None.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- The Board of Directors of Southern California Edison today declared the following quarterly dividends, payable on December 15, 2022, to shareholders of record on December 14, 2022, 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 $0.359375 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

About Southern California Edison

An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

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

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

Source: Southern California Edison

FAQ

What is the dividend amount for Series G preference stock of EIX?

The dividend amount for Series G preference stock is $0.31875 per security.

When will the dividends be paid for EIX preference stock?

The dividends will be paid on December 15, 2022.

What is the record date for the dividend payment for EIX?

The record date for the dividend payment is December 14, 2022.

How many customers does Southern California Edison serve?

Southern California Edison serves approximately 15 million customers.

What is the significance of the quarterly dividend declared by EIX?

The quarterly dividend reflects the company's financial health and commitment to returning value to its shareholders.

Edison International

NYSE:EIX

EIX Rankings

EIX Latest News

EIX Stock Data

26.91B
386.40M
0.17%
90.99%
1.49%
Utilities - Regulated Electric
Electric Services
Link
United States of America
ROSEMEAD