Southern California Edison Declares Dividends

Rhea-AI Summary

The Board of Directors of Southern California Edison has declared several quarterly dividends on various preference stocks. The dividends include:

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

These dividends are scheduled to be paid on June 15, 2022, to holders of record on June 14, 2022.

Positive

• Continued dividend distributions signify strong cash flow and support for shareholder income.
• Diverse preference stock options could attract a broader range of investors.

Negative

• None.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- 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 June 15, 2022, to the applicable holders of record on June 14, 2022.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220428006344/en/

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, payable on June 15, 2022.

When will Southern California Edison pay dividends for June 2022?

The dividends will be paid on June 15, 2022.

What are the dividends for Series H preference stock of EIX?

The dividend for Series H preference stock is $0.359375 per security.

What is the dividend payment date for Series J preference stocks under EIX?

The payment date for Series J preference stocks is June 15, 2022.

How many preference stock series are being distributed dividends by EIX?

Dividends are declared for five series of preference stocks: G, H, J, K, and L.