Edison International (EIX) to Issue Quarterly Dividend of $0.88 on April 30th

Edison International (NYSE:EIX) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Tuesday, April 7th will be given a dividend of 0.8775 per share by the utilities provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, April 7th.

Edison International has decreased its dividend payment by an average of 0.0%annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Edison International to earn $5.76 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 60.9%.

Edison International Stock Up 4.4%

NYSE EIX opened at $72.76 on Friday. The stock has a market capitalization of $28.00 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82. Edison International has a 52 week low of $47.73 and a 52 week high of $73.21. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a fifty day moving average of $62.29 and a 200-day moving average of $58.27.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 15.17%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.