Edison International (EIX) to Issue Quarterly Dividend of $0.88 on October 31st

Edison International (NYSE:EIX) declared a quarterly dividend on Friday, September 25th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.8775 per share by the utilities provider on Saturday, October 31st. This represents a $3.51 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, October 7th.

Edison International has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 23 consecutive years. Edison International has a payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Edison International to earn $6.49 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 54.1%.

Edison International Trading Down 0.1%

Shares of NYSE EIX opened at $53.81 on Monday. Edison International has a fifty-two week low of $51.10 and a fifty-two week high of $81.62. The firm has a market capitalization of $20.71 billion, a P/E ratio of 5.55, a P/E/G ratio of 2.17 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The company’s 50 day simple moving average is $63.89 and its 200 day simple moving average is $69.44.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Company Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.