Southern California Edison Declares Dividends

Rhea-AI Summary

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

• $0.31875 on Series G
• $0.359375 on Series H
• $0.3359375 on Series J
• $0.340625 on Series K
• $0.3125 on Series L

These are payable on June 15, 2021, to shareholders of record on June 14, 2021. Additionally, a semiannual dividend of $31.25 per share on Series E will be paid on August 1, 2021, to shareholders of record on July 2, 2021.

Positive

• Dividends declared enhance shareholder returns.
• Consistent dividend payments reflect company stability.

Negative

• None.

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, 2021 to the applicable holders of record on June 14, 2021.

Additionally, the Board declared a semiannual dividend of $31.25 per share on the Series E preference stock, payable on August 1, 2021 to shareholders of record on July 2, 2021.

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/20210422006140/en/

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 for Series H preference stock be paid?

The dividends for Series H preference stock will be paid on June 15, 2021.

What is the payment date for the Series E preference stock dividend?

The payment date for the Series E preference stock dividend is August 1, 2021.

What is the dividend yield for EIX's preference stocks?

The dividend yield varies by series; for example, Series G has a yield of 5.10%.

Who are the holders of the preference stocks for EIX?

Holders include investors in the respective SCE Trust preference securities.