Southern California Edison Declares Q3 Dividends

Rhea-AI Summary

The Board of Directors of Southern California Edison has declared quarterly dividends for various series of preference stock, payable on December 15, 2021. Shareholders of record on December 14, 2021 will receive:

• 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

The dividends highlight the company's ongoing commitment to returning income to its shareholders.

Positive

• Quarterly dividends declared for preference stock indicate strong cash flow management.
• Diverse series of preference stocks provide 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, 2021, to shareholders of record on December 14, 2021, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211028006147/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 Southern California Edison (EIX) for December 2021?

Southern California Edison has declared dividends ranging from $0.3125 to $0.359375 per security for various series of preference stock, payable on December 15, 2021.

When will the dividends for EIX be paid?

The dividends for Southern California Edison will be paid on December 15, 2021, to shareholders of record on December 14, 2021.

How does the dividend declaration affect EIX shareholders?

The dividend declaration demonstrates Southern California Edison's commitment to returning value to shareholders, boosting potential income for investors.

What are the payment details for EIX’s Series G preference stock dividend?

The Series G preference stock will pay a dividend of $0.31875 per security on December 15, 2021.

Are the dividends from EIX sustainable for future payments?

The declaration of consistent quarterly dividends indicates a stable cash flow that may support future dividend payments, though sustainability depends on broader financial performance.